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Moody’s report says casino companies in fragile position

Nevada’s fragile recovery in gaming revenues could be shattered by even a minor blip in the national economy, causing major financial problems for many Las Vegas casino companies, a leading bond rating house said Tuesday.

Nongaming ventures part of MGM Resorts’ global strategy

MGM Resorts International is known for its Las Vegas and Macau casino and gaming business. But since establishing its subsidiary MGM Hospitality in 2007, the company has quietly shifted to emphasizing its global nongaming business.

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