USA

MGM National Harbor building with its lion logo and a fountain in Oxon Hill, Maryland, next to the proposed Sphere site
Lucas DunnBy: Lucas Dunn

Sphere Coming to National Harbor: $1B Plan Sparks Debate

Prince George's County plans a $1B, 6,000-seat Sphere at National Harbor, promising thousands of jobs as residents raise traffic concerns.
Industry
Executive Embezzled $5 Million for Gambling
Grant MitchellBy: Grant Mitchell

Trump-Linked Executive Embezzled $5 Million for Casino Trips

According to its material, Utley won $26 million while gambling on slot machines, but risked approximately $29 million for a net $3 million loss.
Industry
Massachusetts to Review DraftKings and Others Use of AI in Sports Betting
Richard JanvrinBy: Richard Janvrin

Massachusetts to Review DraftKings and Others Use of AI in Sports Betting

Massachusetts regulators will review how DraftKings and other licensed sportsbooks use AI and machine learning.
Legal
Kansas Adding Hotel to Hollywood Casino
Grant MitchellBy: Grant Mitchell

Kansas City Adding Hotel to Hollywood Casino Near Speedway

Hollywood Casino paid over $18 million in fines over the past 11 years because the hotel was never created, according to Wyandotte County.
Industry
Indiana Rejects NCAA Request to Ban College Player Prop Bets
Richard JanvrinBy: Richard Janvrin

Indiana Rejects NCAA Request to Ban College Player Prop Bets

Indiana regulators rejected the NCAA's push to eliminate pre-game college player prop betting in the state.
Legal
Diller Backs Out of $18bn MGM Resorts Takeover
Grant MitchellBy: Grant Mitchell

Barry Diller, People Withdraw $18bn BetMGM Takeover Bid

MGM Resorts confirmed on Wednesday that the bid had been withdrawn, leaving the hotel-casino enterprise as a “standalone company.”
Financial News
Wynn Las Vegas curved bronze glass hotel tower with its signature script logo, framed by palm trees against a clear blue sky
Lucas DunnBy: Lucas Dunn

Wynn Resorts Closes $900M Note Offering to Refinance Debt

Wynn Resorts has closed a $900 million offering of 6.875% senior notes due 2035, using the proceeds to retire Wynn Las Vegas notes maturing in 2027.
Las Vegas
Caesars Palace hotel towers lit up at night behind the Bellagio lake on the Las Vegas Strip
Lucas DunnBy: Lucas Dunn

Trump Sold Caesars Stake as Fertitta's $17.6B Deal Closed

Trump's advisors sold a small Caesars stake on July 29, a filing shows, as Tilman Fertitta closed his $17.6 billion buyout of the casino giant.
Las Vegas
Caesars Voters Approved Fertitta Sale
Grant MitchellBy: Grant Mitchell

Caesars Shareholders Approved $17.6Bn Sale to Tilman Fertitta

A Wednesday morning filing with the Securities and Exchange Commission said that the deal was approved by 65.4% of participating voters.
Financial News
Photo by United States Senate, Public domain, via Wikimedia Commons
Michael SavioBy: Michael Savio

Lawmakers Propose New Federal Regulations for Sports Betting

Some members of Congress have joined with non-profits to launch a new movement to address problem gambling. It will focus on working with federal and state lawmakers to make changes. The movement will also build public pressure to make changes.
Sports Betting