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Analysts favor Caesars move to put key unit into REIT

Two analysts support Caesars Entertainment Corp. placing its largest operating division into a real estate investment trust to deal with its gaming industry-high debt load, even though the company might have backed away from the concept.

Internet poker in California shapes up as coveted prize

California is shaping up as the nation’s Internet poker battleground in 2015. Everyone wants a piece of the Golden State’s potentially lucrative pie.

New York casino board meets as decision nears

ALBANY, N.Y. — The decision on where to build casinos in upstate New York will make some developers very happy. For others, it will spell the disappointing end to a long and expensive bid for a piece of the action.

Wynn Resorts: No federal investigation despite published reports

Wynn Resorts Ltd. said it doesn’t believe it is under federal investigation despite published reports the casino operator is being targeted for potential money laundering violations.

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.

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