Crown Resorts talking about takeover offer from Vegas’ Wynn

Asia & Pacific 04/08/19, 23:57

Las Vegas casino giant Wynn Resorts is in talks to buy Australia's largest casino operator, Crown Resorts.Crown, which owns casinos in Melbourne, Perth and London and will soon open another in Sydney, confirmed in a statement on Tuesday it was in confidential takeover discussions over a cash-and-scrip offer from Wynn.It ...

Malaysia to sell yacht at center of 1MDB scandal for $126M

Business 04/02/19, 23:40

Malaysia's government said Wednesday that a luxury yacht allegedly bought with money stolen from a troubled state investment fund will be sold to casino operator Genting Berhad for $126 million, half its original price.Attorney-General Tommy Thomas said the Admiralty Court on Wednesday approved the sale of the Equanimity, which has ...

Widespread pickets planned in support of Las Vegas union

Business 03/19/19, 19:40

Hospitality workers in at least eight cities across the U.S. will picket starting Wednesday outside restaurants of celebrity chefs and offices of other business partners of a Las Vegas-based casino operator that has refused to bargain with a union.The picketing workers in San Francisco, New Haven, Connecticut, and other cities ...

Caesars Entertainment talks with billionaire investor Icahn

Business 02/20/19, 14:03

Caesars Entertainment said Wednesday that it has talked with billionaire investor Carl Icahn, who began pushing for fundamental changes this week after revealing a 10 percent stake in the casino operator.Caesars said it is evaluating Icahn's ideas and will keep listening to the activist investor. The company's comments came a ...

Las Vegas: Charm will keep bettors coming for the Super Bowl

Football 02/01/19, 11:43

Las Vegas is not worried about the competition from casinos in other states that for the first time Sunday will also offer football fans a chance to bet on the Super Bowl.The weekend is worth hundreds of millions of dollars to the city, which draws tens of thousands of people ...

Former Nevada Gov. Brian Sandoval joins MGM Resorts

Sports 01/08/19, 15:58

Former Nevada Gov. Brian Sandoval is joining casino giant MGM Resorts International to help push the company's global expansion efforts, particularly in Japan, and work on state-level public policy related to sports betting.The casino operator named Sandoval president of global gambling development Tuesday, a day after he left office. The ...

Airplane banner denounces Jets’ partnership with MGM

Sports 11/11/18, 14:40

An airplane banner criticizing the New York Jets' gaming deal partnership with casino operator MGM Resorts International circled MetLife Stadium several times a few hours before the team's game against the Buffalo Bills.The banner trailing the plane Sunday read: "SHAME ON JETS/MGM #ENDGUNVIOLENCE #STOPMGM."In July, MGM sued more than 1,900 ...

NHL partners with MGM to share data for sports betting

Basketball 10/29/18, 11:18

The NHL is following the NBA's lead by partnering with MGM Resorts International and providing the company with data for use in sports betting. Commissioner Gary Bettman announced the agreement Monday. The Las Vegas-based casino giant is the league's first official sports betting partner. As part of the agreement, MGM gains access ...

Panel rejects MGM’s request to centralize shooting lawsuits

U.S. 10/03/18, 15:36

A panel of federal judges on Wednesday denied a request from casino operator MGM Resorts International to centralize 13 lawsuits stemming from last year's mass shooting in Las Vegas.The Judicial Panel on Multidistrict Litigation in a written order said centralizing the cases would not be convenient for the parties and ...

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