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In this article BALY Follow your favorite stocks CREATE FREE ACCOUNTAn exterior view shows the Tropicana Las Vegas at dusk on March 29, 2024 in Las Vegas, Nevada. David Becker | Getty ImagesAs the famous Tropicana in Las Vegas closes its doors Tuesday, its operator Bally's Corporation is facing its own existential battle. Standard General owns about 23% of Bally's stock, it said last month. An exterior view shows the Tropicana Las Vegas on March 29, 2024, in Las Vegas, Nevada. Bally's market cap stands at little more than half a billion dollars.
Persons: David Becker, Soo Kim, Kim, it's, Dan Fetters, Edward King, Fetters, King, Bally's, It's, George Rose, Chris Grove, Jim Murren, Jess Golden Organizations: Tropicana, Getty, Bally's, Standard, Growth Capital, Las, Trump, Tahoe, Chicago, Major League Baseball's Athletics, Leisure Properties, New, Acies, MGM Resorts International, CNBC Locations: Las Vegas , Nevada, Las Vegas, New York City, Stateline , Nevada, Seminole, Florida, Nevada, Oakland, Vegas
The UAE introduced a new regulatory body to oversee commercial gaming on Monday, made up of casino and gambling experts from the United States. Gambling is currently illegal in the UAE, where some laws are based on the Quran, which forbids the practice. The new federal body, called the General Commercial Gaming Regulatory Authority (GCGRA), would create a “regulatory framework for a national lottery and commercial gaming,” according to Emirati state media WAM. “[GCGRA will] facilitate unlocking the economic potential of commercial gaming responsibly,” WAM said. “I look forward to establishing a robust regulatory body and framework for the UAE’s lottery and gaming industry,” Mullally said on his new appointment, according to WAM.
Persons: ” WAM, Kevin Mullally, Jim Murren, Mullally, ” Mullally, Ras Al Khaimah, Craig Billings, ” Billings Organizations: Abu Dhabi CNN —, United Arab, Gaming Regulatory Authority, Industry, MGM Resorts International, MGM, Gaming Laboratories, Wynn Resorts, United, WYNN, Wynn Hotels, Global, Caesars Entertainment, Royal, Royal Caribbean Cruise, UAE, Costa Cruises, Bloomberg Locations: Abu Dhabi, United Arab Emirates, UAE, United States, Ras Al, Dubai, Royal Caribbean, Singapore
Mark Stone #61 of the Vegas Golden Knights celebrates with the Stanley Cup after the Vegas Golden Knights won the NHL Stanley Cup Final against the Florida Panthers on June 13, 2023 at T-Mobile Arena in Las Vegas, Nevada. The Stanley Cup belongs to Sin City. The Vegas Golden Knights, in just their sixth season in the NHL, won the league's championship Tuesday night, completing a 4-1 series victory over the Cinderella Florida Panthers. Now, the who's who of Las Vegas have become Golden Knights fans. Murren championed the WNBA's Las Vegas Aces, which MGM owned at the time and later sold to Las Vegas Raiders owner Mark Davis in 2021.
Persons: Mark Stone, Bill Foley, It's, Bill Hornbuckle, Jim Murren, Murren, Mark Davis, Davis Organizations: Vegas Golden Knights, NHL, Florida Panthers, Mobile, The Vegas Golden Knights, Cinderella Florida Panthers, Vegas, Las, Golden Knights, MGM, CNBC, Sports City, Las Vegas Aces, Las Vegas Raiders Locations: Las Vegas , Nevada, Sin City, Las Vegas, Sin, Vegas, California
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