MGM CEO says sports has helped Las Vegas casino business

MGM CEO says sports has helped Las Vegas casino business

Article brief provided by The Street
  • Daniel Kline, The Street
March 29, 2022 6:36 PM
  • Daniel Kline, The Street

Las Vegas used to be off-limit to most major league sports due to fears over how athletes and the potential to place bets might mix.

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That has changed as sports betting has become legal in multiple states, making its risks to the integrity of games no longer a Las Vegas problem, but more or less a national one.

That has opened the door for Sin City to add the NHL’s Las Vegas Golden Knights playing at T-Mobile Arena on the Strip in the heart of a number of Resorts International MGM and Caesars Entertainment properties.

Now, the former Oakland Raiders play in Allegiant Stadium just off the strip which has been a driver not just for Caesars, MGM, and Strip-based properties, but pretty much all of Vegas’ hotels and casinos.