$17 billion worth of casino consolidation on the horizon
MGM Mirage and Mandalay Resort Group are hoping to close the transaction by the end of March.
The casino operators are waiting for approval the $7.9 billion merger from the U.S. Federal Trade Commission. Company executives are officially unconcerned that the OK from federal regulators has been slow to arrive, reports Las Vegas Review-Journal. Sources said recently that government logistics could be causing the holdup.
Meanwhile, the companies are proceeding. Mississippi’s gaming commission unanimously approved the merger in December as have Mandalay’s shareholders. MGM Mirage is also trying to sell one of two Detroit casinos to satisfy Michigan requirements.
Harrah’s Entertainment’s $9.4 billion buyout of Caesars Entertainment, also awaits FTC approval. The Harrah’s-Caesars transaction is expected to close by the end of June.
Charles Kao
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.






























Qatar Airways offers reduced timetable to over 60 destinations
Hands In, UATP join forces for airline multi-card payments
AirlineRatings reveals world's safest airline rankings for 2026
Vietnam warns airlines of possible flight reductions amid jet fuel shortages
Fliggy opens AI-powered travel bookings and developer tools