Day: September 12, 2024
MGM Contracts for More Solar Energy from New Farm by 2026
MGM Resorts announced on Thursday that it has signed an agreement to more than double its access to solar electricity. The agreement is with Escape Solar, a utility-scale energy company building a solar plant 90 miles northeast of the Las Vegas Strip in rural Lincoln County. MGM International’s existing Mega Solar Array project, located 30…
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Ex-MGA Chief Conviction Upheld for Tipping Off Casino Owner Murder Suspect
Former Malta Gaming Authority (MGA) chief executive Heathcliff Farrugia saw his conviction for corruption upheld on appeal this week. As MGA chief Heathcliff Farrugia was in charge of one of the world’s foremost online gaming hubs. But his relationship with Caruana Galizia murder suspect, Jorgen Fenech, was a little too cozy. (Image: MGA) Farrugia was…
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Federal Bill Seeks to Implement Sports Betting Guardrails
On Thursday, U.S. Rep. Paul Tonko (D-New York) formally introduced legislation that seeks to place federal regulations on the rapidly growing sports betting industry that’s today legal and operational in 38 states plus Washington, D.C. U.S. Rep. Paul Tonko discusses his federal sports betting bill outside the Capitol on Thursday, Sept. 12, 2024. Tonko’s SAFE…
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Kamala Harris and Donald Trump’s Presidential Debate Attracted 67M Viewers
Tuesday night’s debate between Vice President Kamala and former President Donald Trump attracted an estimated 67.1 million viewers, the Nielsen company said on Wednesday. Viewers watch the presidential debate between Donald Trump and Kamala Harris at the Gipsy Las Vegas in Las Vegas on Tuesday, Sept. 10, 2024. Harris has emerged as the 2024 presidential…
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Philippines Casinos to Remain Under Government Control Until at Least 2026
Philippines casinos owned by the government will remain under the state’s control until at least 2026. Alejandro Tengco, chief executive of the Philippine Amusement and Gaming Corporation (PAGCOR), delivers an address at the Inside Asian Gaming Academy Summit in Manila on Tuesday, Sept. 10, 2024. Tengco revealed that the selling of state-owned casinos won’t begin…
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Fox Proceeding with Plans to Take FanDuel Stake at $2.2B Discount
Fox Corp. (NASDAQ: FOX) could be preparing to take an 18.6% stake in Flutter Entertainment’s (NYSE: FLUT) FanDuel, and the media giant could do so at a significant discount to the sportsbook operator’s market value. Fox Corp. CEO Lachlan Murdoch says the company is preparing to take an 18.6% stake in FanDuel. (Image: CNN) At…
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