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Casinos & Gaming

For the latest Las Vegas casino and gaming industry news and headlines visit reviewjournal.com.

MGM subsidiary buying Maryland casino; $1B share repurchase OK’d

MGM Resorts International’s MGM Growth Properties LLC subsidiary will acquire the company’s new National Harbor hotel-casino in Maryland and MGM’s board of directors authorized a $1 billion stock repurchase program designed to enhance shareholder value.

Golden Nugget owner Tilman Fertitta to buy Houston Rockets

Restaurant mogul Tilman Fertitta reached agreement to purchase the Houston Rockets from Leslie Alexander for $2.2 billion, an NBA record, with a formal announcement expected this week.