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A group of companies operating prominent hotels on the Las Vegas strip on Monday asked a U.S. court to dismiss a lawsuit filed by tourists accusing them of conspiring to keep room rental rates artificially high through a revenue management platform. Lawyers for Caesars Entertainment Inc, Treasure Island LLC, Wynn Resorts Holdings LLC, MGM Resorts International and other defendants said in a court filing that two tourists who filed the case in January did not show any direct or circumstantial evidence backing their allegation of a conspiracy. "The complaint fails at the outset because it is missing every essential ingredient necessary to plead an antitrust conspiracy" under legal precedent, the attorneys said in a jointly submitted filing in Nevada federal court.
MGM Resorts' (MGM) BetMGM launches its sports betting mobile app in Massachusetts.
Thanks to a growing experience-driven economy, as well as the proliferation of gambling worldwide, the global casino market has produced some record-breaking revenue numbers lately. And that's likely to continue.