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MGM Has Capital to Execute Big Projects, Analysts Say
MGM Resorts International (NYSE: MGM) has the financial resources and access to capital needed to execute multiple new casino hotel projects over the medium term. MGM Resorts International’s rendering of Empire City in Yonkers, NY. The operator has the financial resources to execute multiple significant projects, say analysts. (Image: MGM Resorts International) That’s the take…
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Flutter Deal for Playtech Consumer Biz Reportedly Imminent
Flutter Entertainment (NYSE: FLUT) could reportedly reach a $2.62 billion deal to acquire Playtech’s (LSE: PTEC) Snaitech unit as soon as this week. The Flutter logo at a corporate office. The company is reportedly close to acquiring Playtech’s consumer business for $2.6 billion. (Image: The Independent) Shares of the prospective seller posted a double-digit gain…
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Atlantic City Casinos Heat Up in August as Gaming Win Climbs Nearly Five Percent
Atlantic City casinos needed a little bit of luck to cap off the unofficial end to summer, and August delivered for the gaming properties down the shore. The Atlantic City casino skyline is seen from the Atlantic City Expressway. Atlantic City casinos enjoyed a strong August after a disappointing June and July. (Image: Shutterstock) The…
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Boston to Study Encore Boston Harbor’s Impact on Nearby Youth
The City of Boston is seeking a research partner to conduct an institutional review of how a commercial casino in Everett is impacting youth. An Encore Boston Harbor shuttle picks up patrons downtown to be transported to the casino located in Everett. Boston city officials are commissioning a study to learn if the casino is…
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New Jersey Supreme Court Rejects Emergency Request to Halt Casino Smoking
The New Jersey Supreme Court has rejected an emergency relief request from plaintiffs challenging the state’s ongoing allowance of smoking inside Atlantic City casinos. Atlantic City casino workers who want indoor smoking outlawed argue that their rights to a safe workplace are being violated. The New Jersey Supreme Court will soon rule whether that claim…
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Flutter Pays $350M for Majority Stake in Brazil’s NSX Group
Flutter Entertainment (NYSE: FLUT) said it acquired a 56% stake in Brazil’s NSX Group for $350 million in cash to bolster its footprint in that country. The Brazilian flag. Flutter is paying $350 million for 56% of NSX to expand in that country. (Image: iStock) NSX operates the Betnacional brand. Including Betnacional, NSX is the…
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Golden Nugget Danville Hotel Possible, Sportsbook Prospects Murky
The Golden Nugget Danville Casino opened in May 2023 and by all accounts, the venue has been a success. So much so that the operator is mulling the addition of a hotel in the future, but the outlook for a retail sportsbook is more dim. The Golden Nugget in Danville, Ill. Adding a hotel is…
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Bally’s Won’t Participate in Casino Near Penn State Campus
Bally’s and SC Gaming announced today that their agreement to open and operate a Category 4 satellite casino near Penn State University at the Nittany Mall has been terminated, but the project will move forward and remains on track to open in the first half of 2026. The Nittany Mall in State College, Pa. Bally’s…
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Casino Smoking Opponents Argue That Workers’ Rights Are Being Violated
Opponents of Atlantic City casino smoking argue in their appeal to the New Jersey Supreme Court that the 2006 Smoke-Free Air Act violates workplace health protection rights. Steve Mitchell, of Wilmington, Del., smokes a cigarette while playing a slot machine at Hard Rock Hotel & Casino Atlantic City on Feb. 2, 2024. Atlantic City casino…
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VEGAS MYTHS RE-BUSTED: The ‘Ocean’s 11’ Casino Robbery is Possible
EDITOR’S NOTE: “Vegas Myths Busted” publishes new entries every Monday, with a bonus Flashback Friday edition. Today’s entry in our ongoing series originally ran on Nov. 18, 2022. The robberies of casino cages at both Resorts World Las Vegas and the Gold Coast Casino have brought back a favorite topic of Las Vegas speculation. Is it possible…
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