MGM Resorts International is reported to be exploring the sale and leaseback of the MGM Grand & Bellagio casinos on the Las Vegas Strip. Bloomberg News said the company is working with an adviser to solicit interest from potential buyers as either as stand-alone sales or bundled together.

In a conference call with investors, MGM Resorts Chairman and CEO Jim Murren said no decision has been made and the plan will develop from the work of a committee of three independent directors commissioned back in January to evaluate ways to extract value from the company’s massive real estate portfolio, possibly in response to activist investors like hedge fund Starboard Value and Land & Buildings Investment Management which have been pushing for changes at the Las Vegas-based gaming giant.

“We have a lot of options in front of us, actually very creative and interesting options,” Murren said. “We also know that our real estate is undervalued in the marketplace.”

Read more about the possible sale of MGM Grand & Bellagio at GGB News.