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.

    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.