A court on Wednesday approved a total of $800 million in payouts from casino company MGM Resorts International and its insurers to more than 4,400 relatives and victims of the Las Vegas Strip shooting that was the deadliest in recent U.S. history.
The action makes final a deal announced earlier this month and settles dozens of lawsuits on the eve of the third anniversary of the shooting that killed 58 people and injured more than 850 at an open-air concert near the Mandalay Bay resort. Read More
A Nevada company that started in 1973 with a single hotel-casino in Reno announced Monday it has completed a $17.3 billion buyout of Caesars Entertainment Corp. and will take the iconic company’s name going forward as the largest casino owner in the world.
Eldorado Resorts Inc. said the combined company will now own and operate more than 55 casino properties in 16 U.S. states, including eight resorts on the Las Vegas Strip. Read More
The nearly quarter-million dollars in winning wagers reportedly placed at MGM Resorts last Sunday might be the largest sportsbook loss in Las Vegas history on bets made after an event has started.
Seven longtime Las Vegas bookmakers can’t recall a larger loss, the Las Vegas Review-Journal reports. But each oddsmaker has taken hits on past posts and said it’s a fairly common occurrence at books. Read More