Barry Diller secures unrestricted Nevada gaming license
Barry Diller successfully obtained a full, unrestricted Nevada gaming license today after a 4-1 vote by the Nevada Gaming Commission (NGC).This is the culmination of a...
Nevada Gaming Commission approves unconditional license for Entain
Entain has been given complete approval by the Nevada Gaming Commission (NGC) to operate in Nevada without any limitations.
Prior to this, Entain, which co-owns BetMGM with MGM Resorts, was only granted a restricted three-year license in Nevada because of worries about several of its business activities, including its involvement in unregulated markets around the world. Entain, formerly GVC Holdings, put a lot of effort into resolving these problems. They gave the NGC a thorough plan outlining their goals for increased sustainability and legal compliance. This plan includes their decision to get out of 140 unregulated marketplaces, despite the fact that they lost out on around $100 million in profit.
This approval is being granted concurrently with Accel Entertainment, an Illinois-based company, renewing their license. After making considerable changes to its regulatory procedures and compliance, Accel, which likewise held a limited license in Nevada, was also awarded an unconditional license.This followed a $1 million fine by Illinois regulators for previous misconduct.
Both companies now have the green light to operate fully in Nevada, demonstrating their dedication to adhering to more strict laws and enhancing their methods of operation.
Entain stock surges on takeover rumors
There have been recent reports suggesting large private equity companies are considering purchasing all or a portion of Entain.Entain's stock price has increased by five...
