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Coronavirus Casino News March 9, 2020: Wall Street Betting on Two Vegas Casinos During Crisis

Written by:
Jagajeet Chiba
Published on:
Mar/09/2020

Here is the latest news concerning Coronavirus and the impact on casinos worldwide - Monday March 9, 2020.


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Wall Street Betting Big on Two Casinos During Coronavirus Crisis

Wall Street banks aren’t letting the spread of the coronavirus in the U.S. get in the way of a planned $2 billion property bond financing for the MGM Grand and Mandalay Bay casino and hotel properties in Las Vegas.

Affiliates of the Blackstone Group and MGM closed a deal to buy the luxury casino and resort properties for $4.6 billion last month with funding from a clutch of banks led by Citigroup. They now want bond-market investors to chip in as creditors.

Read More From Market Watch Here

- Jagajeet Chiba, Gambling911.com

Gambling News

Gambling and Sports Betting News April 4, 2020: TVG Horse Racing Network Seizing the Moment Amidst Pandemic

A handful of U.S. tracks have soldiered on through the pandemic, closing their gates to fans and running strictly for a TV and simulcast audience. TVG is providing a bit of balm for two bereft populations — people who watch sports, and people who bet on them — by continuing to show races on its cable channel and offering wagering via its website. Fox’s FS1 and FS2 networks also are airing some live horse racing.

SC Prosecutors: Deputy Took Bribes to Protect Gamblers

SC Prosecutors: Deputy Took Bribes to Protect Gamblers

A deputy in South Carolina took money from illegal gamblers for five years to protect them from the law and kept feeding them information after the payments stopped, authorities said.

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Bookies, you must be generating a profit per head and we want to show you the best way to do so. You are in this business to earn a fantastic income and there is no reason you shouldn’t be doing exactly that. Now is the perfect time to start earning profits where you may not realize you can earn them.

MGM Springfield Taken For $30k By Brazen Cheat

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The MGM hotel and casino in Springfield, Massachusetts is suing an individual for allegedly engaging in one of the oldest cheats in the books.

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