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One Casino Stock Stands Out as a Leader Amid a Sector Rally, Traders Agree
Casino stocks are on a hot streak, but traders say one name stands out among the pack.
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Software Company Simplebet Raises $15 Million for New Sports-Betting Service
Simplebet CEO Chris Bevilacqua told CNBC the firm is also in discussions with another top tier sports gambling provider for its micro-betting product.
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Las Vegas Panel Seeks Ideas on Mass Shooting Memorial
A panel planning a permanent memorial to the 2017 massacre on the Las Vegas Strip is making a nationwide call for ideas about how best to remember the 58 people killed and thousands affected by the deadliest mass shooting in modern U.S. history. Officials on Monday launched a website questionnaire to collect comments until March 14 about issues such as...
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Traders Lay Out a Triple Stock Play to Bet on a Travel Rebound
As the TSA cracks down on mask use, paving the way for a safer travel environment, two traders lay out the stocks they would play to ride vacation demand.
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MGM Resorts Adopts Smoke-Free Policy for Vegas Strip Casino
One of the last Las Vegas Strip resorts to reopen after coronavirus closures will be the first to be smoke-free.
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Las Vegas Shooting Victims Closer to Getting $800M Payout
More than 4,400 relatives and victims of the deadliest mass shooting in recent U.S. history could receive a total of $800 million in payouts from MGM Resorts International and its insurers by January.
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Hotel Owner Sues Insurance Company After 2017 Vegas Mass Shooting
More than 4,000 people are seeking damages from MGM Resorts International related to the Las Vegas Strip mass shooting that left 58 people dead, the casino giant said in a lawsuit alleging its insurance company has failed to pay promised legal costs. Las Vegas-based MGM Resorts alleges breach-of-contract and accuses Illinois-based Zurich American Insurance Co. of failing to pay defense...
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MGM Offers Deal to Vegas Shooting Victims It's Suing
MGM Resorts International drew criticism Tuesday for saying hundreds of survivors of the Las Vegas mass shooting, who are being sued by the casino operator, could opt to have the money that will be used to serve them a lawsuit instead donated to a charity. The company in July sued more than 1,900 victims of the Oct. 1 mass shooting...
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MGM Banks on Never-Used Anti-Terrorism Law in Suing Victims
The unprecedented move from MGM Resorts International to sue hundreds of victims of last year’s mass shooting in Las Vegas using an obscure U.S. law never tested in court has been framed by the casino-operator as an effort to avoid years of costly litigation — but the legal maneuver may not play out that way. The company is not seeking...
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MGM Sues Vegas Shooting Victims in Push to Avoid Liability
MGM Resorts International has sued hundreds of victims of the deadliest mass shooting in modern U.S. history in a bid to avoid liability for the gunfire that rained down from its Mandalay Bay casino-resort in Las Vegas. The company argues in lawsuits filed Friday in Nevada and California that it has “no liability of any kind” to survivors or families...
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Las Vegas Strike Would Have Far-Reaching Effect
What happens in Las Vegas could have a ripple effect across the country if 50,000 casino-hotel workers employed at more than 30 of the city’s world-famous resorts go on strike at any time starting next week. If members of the union that includes hotel and food workers don’t show up to work, it could cost the destination millions and lead...
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Tens of Thousands of Las Vegas Casino Workers Approve Strike
Las Vegas casinos could watch tens of thousands of employees walk off the job for the first time in more than three decades after union members voted to authorize a strike at any time starting June 1, a move that could cripple the city’s world-famous resorts. About 25,000 members of the Culinary Union who work at 34 different casino-resorts across...
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World Series Winner Looking to Cash in on Super Bowl Bets
The same bettor who took Las Vegas’ legal sports books for millions of dollars on the World Series is looking to cash in again at the Super Bowl. The bettor placed a $500,000 wager on the Philadelphia Eagles at the South Point sports book, oddsmaker Jimmy Vaccaro said. If the money line bet pays off, the gambler will walk away...
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Vegas Sports Books Not So Lucky With Eagles' Super Bowl Win
Lady Luck was most certainly not the side of Las Vegas sports books during the Super Bowl as some reported six- and seven-figure losses in part due to a seemingly deep-pocketed mystery bettor and the many records set during the game, which allowed gamblers to cash in on proposition bets. Gamblers wagered a record $158.6 million on the big game...
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Lady Gaga Achieves ‘Dream' With Las Vegas Residency
Lady Gaga will join the list of superstars with regularly scheduled shows in Las Vegas in 2018, when she kicks off a two-year residency in December.
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Imagine Dragons, Others to Pay Tribute to Las Vegas
Imagine Dragons and The Killers will pay tribute to the victims of the deadliest mass shooting in modern U.S. history when they headline a concert Friday in Las Vegas, the city that saw them rise to stardom.
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Hotel: Gunman Shot at Crowd Seconds After Shooting Guard
Even as investigators struggle to unravel the mystery of what motivated a gunman to open fire on a Las Vegas concert crowd, confusion surrounds the sequence of events in the fatal few minutes of the worst mass shooting in modern U.S. history. On Thursday, the hotel where gunman Stephen Paddock opened fire from his high-rise hotel suite disputed the official...
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Why Vegas Shooter May Have Been Drawn to Video Poker
Authorities trying to piece together the final days before Stephen Paddock unleashed his arsenal of powerful firearms on country music fans on the Las Vegas Strip have at least one potential trove of information: his gambling habits. Nevada gambling regulators say they’re sorting through documents for clues about him and his girlfriend, Marilou Danley. Those can include suspicious transaction or...
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Vegas Shooting Victims Had Families, Friends and Dreams
The stories of the victims of Sunday’s massacre in Las Vegas are as diverse as America itself, 58 people, all with friends and families and jobs and dreams. Those who knew them are choosing to remember not how they left this world, but what they did in their all-too-short time in it.