The days of casino operators MGM Resorts International and Caesars Entertainment as publicly listed companies appear limited, with Nevada regulators approving plans that could eventually see them move off the stock exchange.
The Nevada Gaming Control Board has reached an agreement with Kalshi requiring the prediction market operator to comply with a court order by August 12 or face a $120,000 daily penalty.
Netflix premiered its prediction markets documentary on Sunday, but Kalshi has taken exception to the filmmakers appearing to show wagers placed on the platform in violation of a Nevada court order.
A Nevada player’s attempt to dispute gambling losses has reached a dead end after the local regulator rejected his appeal.
Nevada’s statewide gaming win reached $1.39 billion in May, up 7.43% from the same month a year earlier, as the Las Vegas Strip recorded its eighth-highest monthly total on record.
Nevada’s gaming sector sees a shift with local operator Joe DeSimone making moves to acquire the Bighorn Casino and Longhorn Casino & Hotel.
As Las Vegas works to reverse a recent decline in visitor numbers, Nevada’s two US senators are warning that a proposed federal rule requiring international travelers to disclose years of social media activity could discourage even more people from visiting the United States.