The Houston billionaire acquired 6.9 million shares in the Las Vegas-based casino operator, comprising a 6.1 percent ownership stake.
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The $308 million deal for the Las Vegas Strip hotel-casino with Penn Entertainment is on track for Nevada Gaming Commission approval this month.
Malaysia-based Genting Group will make its Las Vegas debut in June with a $4.3 billion, 3,500-room megaresort on 87 acres formerly occupied by Boyd Gaming Corp.’s Stardust resort.