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MGM Resorts seeking to raise $1 billion in new debt

MGM Resorts International said Thursday it hopes to raise $1 billion in new debt to help pay for some of the development costs surrounding the company’s hotel-casino projects in Massachusetts and Maryland.

Las Vegas casinos resist Bay State gambling limits

BOSTON — The state’s three licensed casino companies voiced strong concerns Thursday about a plan floated by regulators to limit the time and money gamblers spend at casinos.

Judge expected to rule Friday on N.J. sports gambling

TRENTON, N.J. — New Jersey could drop its ban on betting on sports entirely, but it cannot legally set conditions as it ends the prohibition, a lawyer for the NCAA and four major sports leagues told a federal judge Thursday.

Caesars studying placing largest operating division into REIT

Caesars Entertainment Corp. is considering placing its largest operating division into a real estate investment trust as a way of dealing with its gaming industry-high debt, according to a filing Wednesday with the Securities and Exchange Commission.