Here’s a twist we didn’t see coming: People’s proposed buyout of MGM Resorts fell through. However, recent developments indicate potential takeover talks involving the companies may have completely flipped. In the same week that Barry Diller’s People Inc rescinded an $18 billion offer to acquire the remaining shares in MGM that it does not already own, reports have surfaced that the tables could be turning. Sources close to the matter suggest that MGM may now be considering a takeover bid for People Inc instead. From a market perspective, the rescinded offer and the potential shift in dynamics have proven favourable…

The recent Kalshi deal with tribal gaming operator partnerships has expanded to include four additional Native American tribes, highlighting a growing split across Indian country regarding prediction markets. The Kletsel Dehe Wintun Nation, Greenville Rancheria, and Alturas Indian Rancheria in California, alongside the Alabama-Quassarte Tribal Town of Oklahoma, have formally joined forces with the platform. They follow a similar agreement reached with the Louisiana-based Tunica-Biloxi Tribe last month. Under the agreed terms, each participating sovereign tribe retains full ownership of its custom branded mobile application and oversees the primary customer relationship. Kalshi serves as the technical backend operator, managing execution,…

Las Vegas tourism registered a decline in August despite hotel room prices dropping to their lowest levels of the year. According to data from the Las Vegas Convention and Visitors Authority, the city welcomed 3.03 million visitors during the month. This represents a 4.3% decrease compared to August 2025. Total visitor counts were also down by 136,700 compared to July, illustrating a late summer slowdown for the market. Hotels lowered room rates to draw travelers, but lower pricing failed to drive occupancy up. The citywide average daily rate dropped to $150.32 in August, roughly $7 below July levels. Hotel occupancy…

Optimism regarding a Las Vegas NBA expansion franchise has reached an all time high, but rising valuations are sparking questions about financial viability. Reports indicate that the league is nearing a decision on selecting a winning bid from three finalist groups by the end of the year. The projected bidding range for a potential team and a new arena sits between $12 billion and $13 billion, placing it among the highest valuations in professional sports history. The three finalist groups vying for a Las Vegas NBA franchise include Nancy Walton Laurie and Bill Laurie, Steve Apostolopoulos and Marc Lasry, and…

The premium hospitality lineup for the upcoming Caesars F1 Las Vegas Grand Prix has been officially unveiled across eight property resorts. Caesars Entertainment has announced its comprehensive schedule of race week festivities, luxury accommodations, and culinary events for the upcoming Formula 1 Heineken Las Vegas Grand Prix. The hospitality group is hosting various spectator packages across eight resort properties positioned directly within the track footprint on the Strip. Sean McBurney, Chief Commercial Officer and Regional President for Caesars Entertainment, stated that the company aims to raise the bar this year for the Caesars F1 Las Vegas celebration with dynamic viewing…

Massachusetts sportsbooks are facing new regulatory scrutiny over how they utilize artificial intelligence to target bettors with promotional offers. The Massachusetts Gaming Commission announced an inquiry into licensed operators following a detailed report that highlighted the use of machine learning algorithms to encourage continued wagering among losing customers. Commission Chairman Jordan Maynard stated that executive leadership and agency staff will meet directly with operators, including Boston-based DraftKings, to analyze the precise mechanics of their artificial intelligence implementations. Regulators emphasized that no formal finding of wrongdoing has been established, but noted that rapid technological advancements require close state oversight. The investigation…