Shareholder activist Starboard Value has quietly taken a sizable position in MGM Resorts — and is pushing for big changes at the Las Vegas casino chain, The Post has learned.

The investment by Starwood is the latest by several prominent hedgies in beaten-down casino chains — each hoping Las Vegas, which showed a surprising downtick in casino revenue in July, is poised for a recovery, sources said.

Starboard, with a $500 million-plus MGM stake, joins activists Canyon Capital, Eminence Capital and HG Vora in MGM.

HG Vora has also taken an activist position in Caesars Entertainment and, sources said, will be pushing for changes, The Post reported exclusively last week.

[Read More]