A takeover offer was submitted to MGM Resorts International on Monday by Barry Diller’s firm, People Inc., valuing the casino operator at more than 18 billion dollars. The corporate proposal arrived only days after another major hospitality acquisition in the United States gaming sector, indicating a wave of consolidation across the domestic casino industry. People Inc., which was previously known as IAC, announced it made an offer of 48.30 dollars per share in cash for the shares of MGM Resorts that it does not currently own. The proposal marks a premium of roughly 10.6 percent over the closing price of…

Sin City has more than gambling, drinking, and shows. While some relax beside the pool, others are enjoying the top Las Vegas spas! And we’re counting down the best places to enjoy a massage, facial, steam, and so much more!  Yes, guests are spending their money on something other than gambling, shows, and buffets. So, This Week in Gambling, we’re counting down the best places to grab a massage, facial, steam, and more! Whether you just lost your ass at the craps table or landed a huge slot jackpot, a day spent at one of the top Las Vegas spas…

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A New Jersey Senate panel has advanced a trio of gambling advertisements bills aimed at strengthening consumer protections and addressing problem gambling in state online betting markets. The legislation targets sportsbook account restrictions, self-exclusion rules, and advertising in order to reduce gambling-related harms in one of the largest regulated wagering markets in the nation. Approved by the Senate State Government, Wagering, Tourism and Historic Preservation Committee, the legislative package represents a significant push by lawmakers to regulate the rapidly growing industry. One of the central measures, Senate Bill 2356, focuses directly on how gambling advertisements reach the public. The bill…

News of a Caesars takeover broke this morning, as the announced broke that the company has agreed to a massive acquisition by Fertitta Entertainment. The deal marks a major shift in the gaming industry, as Fertitta moves to finalize a an all-cash transaction valued at approximately 17.6 billion dollars. The deal includes the assumption of about 11.9 billion dollars in debt, taking one of the largest casino operators in the United States private. Under the terms of the agreement, Caesars shareholders will receive 31 dollars per share in cash. This purchase price represents a 49 percent premium to the unaffected…

US President Donald Trump has issued a strong endorsement for regulation of prediction markets, the fast-growing event contract sector. Such a move, however, would establish a direct conflict with several state officials. The White House is arguing for uniform national oversight, while individual states attempt to impose local restrictions and prohibitions. Through a social media statement, the president emphasized the necessity of maintaining the Commodity Futures Trading Commission as the sole regulatory authority over these platforms. He framed the push for federal administration as a way to create a consistent framework for the country, while also linking the sector to…