-- (BUSINESS WIRE)-- Eldorado Resorts, Inc. MGM and LeoVegas Merger & Impact . Their stock closed at 19. U. MGM Resorts filed an 8-K with the SEC on Tuesday,. Real estate investment trust Vici Properties is acquiring MGM Growth Properties in a $17. The largest casino operator in the U. Hammond, Horseshoe Southern Indiana Hotel & Casino, and Tropicana Evansville were all involved in the Eldorado/Caesars merger. But there are some problematic things. A Caesars-MGM merger would dominate the Las Vegas Strip as well as Atlantic City, as the two groups combined would own about half the hotel rooms in the two cities. Collectively, the pair represented dozens of Caesars creditors holding $12 billion of Caesars debt. The combination of Caesars and Eldorado would create a more formidable competitor to larger casino industry players, such as Las Vegas Sands Corp, Wynn Resorts Ltd and MGM Resorts International. The activist hedge funds include Canyon Partners, which holds leading stakes. Nevertheless, it is all still labeled as rumor since no official offers have been made by MGM. Caesars, MGM. Five days after a cyberattack crippled operations of MGM Resorts International, including its signature Las Vegas properties the Bellagio and the MGM Grand, the company said Thursday morning it is still working to resolve issues as. An MGM-Caesars merger would create a huge US casino operator. (NASDAQ: CZR) ("Caesars" or "the Company") today announced that it has completed its acquisition of William Hill PLC (LSE: WMH) ("William Hill") for approximately $4. Penn National: Buy rating, $110 target. 40 per share in cash consideration and 0. Caesars Entertainment and MGM Resorts are considering merging their operations, according to recent rumors swirling around the casino industry. Guests continue to report issues across MGM. Posted on: September 15, 2023, 07:59h. . 4 billion in Harrah's stock for all shares of Caesars. No problems are expected Wednesday before the New Jersey Gaming. 9, 2023, at 12:43 a. Level Up with Status Match Challenge. 75 per share, consisting of $8. The Las Vegas Strip is essentially made a three company casinos; MGM, Caesars, and Venetian. Only three months after MGM Resorts announced partnerships with GVC Holdings and Boyd Gaming, MGM appears to be considering a merger with Caesars Entertainment. 82% on Tuesday reported a third-quarter loss of $233 million, or $1. 74 billion in 2014. Analysts are not quite sure what Harrah's is buying or what it will end up with, but it's a given the company will have to sell off some assets and will. The confirmed departure of Mark Frissora as President & Chief Executive of Caesars Entertainment has triggered fresh rumours regarding the future of theThe Seven Stars Insider newsletter is always chock full of interesting information. MGM AND CAESARS EXPLORE MERGER OPPORTUNITY WEEK 45 FRIDAY 09 NOV 2018. was born on Monday. (the former Twin Rivers, which is making its appearance on the Strip). Is a Caesars and MGM Merger in the Offing? B. are reportedly discussing a merger to create a behemoth company that would control about half of the Las Vegas and Atlantic City gaming and hospitality markets, the New York Post reported citing unnamed sources familiar with the ongoing talks. Landry’s owns some 600-odd restaurants, in addition to its five casinos, so this wouldn't have been a case of a guppy swallowing a whale. The tech giant has closed its $8. Last updated on: September 16, 2023, 11:59h. Kerkorian sells 20 million MGM shares as the company announces Q4 returns and the renovation of the MGM Grand, and Caesars improves revenue and operating income but still increased its Q4 loss. $1. The combined entity will be the largest player in the U. Feb 24, 2022. com. The Old MGM Grand Was Imploded After the FireYesterday, TPG reported the news that Caesars Entertainment will be wholly acquired by Eldorado Resorts. Caesars Entertainment, Inc. Shapiro. $1. In September 2021 it was revealed that the Cosmopolitan Las Vegas sold, and MGM is involved in the deal: Blackstone sold the Cosmopolitan Las Vegas for $5. MGM AND CAESARS EXPLORE MERGER OPPORTUNITY WEEK 45 FRIDAY 09 NOV 2018. ’s $17. The outage has now rolled into its fourth day, with MGM saying on Thursday that the company was working to “resolve our cybersecurity issue. MGM is in the process of adding another, having agreed in September to buy the. SAN FRANCISCO (Reuters) - Hackers who breached casino giants MGM Resorts International and Caesars Entertainment in recent weeks also broke into the systems of three other. That could have a major impact on obviously the gaming industry, but also the meetings world. MGM Resorts International Announces Transaction to Acquire the Operations of The Cosmopolitan of Las Vegas MGM Resorts to acquire operations for $1. com. Solomon, November 19, 2018 10:25 am. U. If MGM and Caesars merge, they would own about half the hotel rooms in Las Vegas and Atlantic City, N. Casino. Get the best deals and members-only offers. [1/2] An exterior view of MGM Grand hotel and casino, after MGM Resorts shut down some computer systems due to a cyber attack in Las Vegas, Nevada, U. LAS VEGAS — Las Vegas hotel union workers voted overwhelmingly Monday to approve their contract agreement with casino giant Caesars. 3570 Las Vegas Blvd South. S. 01 hereto, including the press release attached hereto as Exhibit 99. Caesars Entertainment's sale of the international, non-US assets of William Hill to 888 Holdings is now completed, as announced by the three companies on Friday. Playing online blackjack for free also helps you to develop your strategy without risking your own cash. (Todd Prince/Las Vegas Review-Journal) It’s going to take a little longer than expected before Eldorado Resorts Inc. Regulatory hurdles will delay and changes right away, but it’s thought that the Eldorado takeover of Caesars. Nick Family will be formed. 2bn for the three months ending September 30, a rise of 120 percent on the same period last year. 20 Friday, giving Caesars a market cap of $6. MGM Mirage is aiming to buy Mandalay Bay Resorts. 14. Vici’s property portfolio consists. was born on Monday. 38 billion a. MGM and Caesars lost market value last week as stock prices fell, and MGM is yet to recover from various operations disrupted at the hotels and gaming venues it owns from Las Vegas to Macau. caesars . In 2013, it was the fourth-largest gambling company in the world,. Nevertheless, it is all still labeled as. Stock Market Quotes. On the Strip, it also currently owns the land on. , is now the largest casino and entertainment. DraftKings, MGM Resorts, Wynn Resorts, and many others are growing their presence in online gambling, which exploded during the pandemic. Annual report which provides a comprehensive overview of the company for the past year. 2bn for the three months ending September 30, a rise of 120 percent on the same period last year. The FBI is investigating the MGM and Caesars breaches, and the companies did not comment on who may be behind them. m. Citing a gaming source “close to the situation,” NYP said activist hedge funds, which together own about a 25 per cent of Caesars, are. MGM shares have recovered. Specifically, The Cosmpolitan, Aria and Bellagio now have a cross-charging network for guests visiting these properties. Caesars recently rejected a takeover offer from Tilman Fertitta’s much smaller Golden. Page 1 of 3 1 2 3 Next > StevieNight Low-Roller. September 14, 2023 at 9:36 AM EDT. In addition to the Las Vegas hotels you may be familiar with, there are MGM properties across the U. Under the deal, MGM Growth Properties Class A shareholders will receive 1. The closing has been. Head over to Seven Stars Insider to sign up for the newsletter. 50 caused it to surge upwards to 22. From Canada to Japan, the security firm CrowdStrike has tracked 52 attacks. MGM Rewards’ Status Match Challenge is on! Present your valid VIP loyalty card from an eligible competitor at any MGM Rewards desk by September 30, 2023 to receive an instant upgrade to Gold or Platinum status for the next 90 days - complimentary. MGM has now reportedly started to try and put a deal together that would see it and Caesars become one. Word is persisting of a potential merger in the works between casino giants MGM International and Caesars Entertainment Corp. A merger would grant the combined MGM-Caesars control of roughly half the hotel rooms in gambling hubs Las Vegas and Atlantic City, the Post reported. Just as airlines continue to merge, resulting in increased ticket prices and amenity fees, these resorts could see similar effects. Bloomberg News reported on Wednesday that Scattered Spider was responsible for the pair of cyberattacks on Caesars Entertainment and MGM Resorts. Should the companies merge, then they would own around 50% of all hotel rooms available in Las Vegas. Posted on: October 17, 2018, 12:37h. Harrah's deal to buy Caesars Entertainment Inc. 2 billion. The truth is, Hedge Funds owns a quarter of Caesars , which also includes Canyon Partners, who holds stake at MGM Resorts. with Tilman Fertitta’s Landry’s Inc. A merger would grant the combined MGM-Caesars control of roughly half the hotel rooms in gambling hubs Las Vegas and Atlantic City, the Post reported. Caesars Entertainment — 100; MGM Resorts — 100; Wynn Resorts — 90;The proposed merger of Caesars Entertainment Corp. The group behind the Caesars attack is known as Scattered Spider or UNC 3944, according to the people. They've whittled on a lot of long -standing Caesars customer perks and offerings ( of course the shutdown amplified the effects on everything). 3 billion. Caesars Entertainment spinoff-Vici Properties reached a $17 billion-plus deal to acquire MGM Resorts International-spinoff MGM. MGM was forced to shut down systems. You may have heard that Caesars Entertainment and Eldorado Resorts have agreed to merge. , is an American hotel and casino entertainment company founded and based in Reno, Nevada that operates more than 50 properties. Net revenue totaled $2. Velotta at rvelotta@reviewjournal. These funds, including Canyon Partners, which holds leading stakes in both. Caesars would acquire the billionaire’s restaurants and Golden Nugget casinos in a deal that would see him emerge as chairman, CEO and largest shareholder in the combined company. are reportedly discussing a merger to create a behemoth company that would control about half of the Las Vegas and Atlantic. One such change just took effect this week: Guests at The Cosmopolitan and two other properties in the MGM Rewards network now have reciprocal room-charging privileges. 3 billion. O and Las Vegas Sands Corp LVS. Gird your loins, Caesars Entertainment and Eldorado Resorts have completed their merger. 5 billion in debt and $600 million convertible debentures. The decision Monday ends months of labor disputes that had. is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars. The casino group had recovered many of its other systems Friday after days-long outages caused by ransomware. LAS VEGAS (KSNV) — The Culinary Union says it has reached an agreement for a new contract at Caesars Entertainment's nine Las Vegas properties. The company posted a net profit of $110m compared to a $433m loss in Q3 2017. The CEO. m. DON'T MISS: Las Vegas Strip Brings 80's Pop Star to New Venue Residency MGM, led by CEO Bill Hornbuckle, has been very busy over the past few years. 69 a share, to $36. One such change just took effect this week: Guests at The Cosmopolitan and two other properties in the MGM Rewards network now have reciprocal room-charging privileges. VICI Properties Inc. Now, just imagine how much that presence can grow if the hotel-casino giants merge. Why: Consumers argue the casino operators fail to provide them with the change on their cash-out vouchers and make it. Share. They've whittled on a lot of long -standing Caesars customer perks and offerings ( of course the shutdown amplified the effects on everything). 2017 was also filled with gaming industry acquisitions. According to sources, MGM hired Morgan Stanley and Weil’s law firm to carry out a study to find out what it’ll take to see a merger. MGM Caesars MergerWith Ace Of VegasSo today I wanted to discuss a very interesting development that been floating around in the business world. Caesars, which operates 49 casinos in 13 U. Founded in 1937, Caesars has grown through development of new resorts, expansions and acquisitions, and now operates casinos on three continents. When Eldorado agreed to buy Caesars, it said it would fork over at least $2 million a day for each day the merger was delayed starting on March 25. S. In fact, I would enjoy having a few more independent operators. 1:15. Harrah's also will assume about $4. The report says that MGM Resorts has hired investment bank Morgan Stanley to look into the possibility. (Image: Genting Singapore) Citing unidentified sources familiar with the matter, a. The New York Post published a report to say that MGM and Caesars are in merger negotiation. Last updated on: October 13, 2019, 10:24h. MGM Resorts and Wynn Resorts are still negotiating with the union. 1 and the transaction presentation attached hereto as Exhibit 99. 2 billion in. The merger of two Nevada-based gaming companies has been finalized, putting four Iowa casinos under the same owner. New round of merger reports link Caesars to MGM; potential tie-up will create a $20-plus-billion hotel and casino behemoth Las Vegas casino giants MGM Resorts International and Caesars Entertainment Corp. S. Posted on: October 13, 2019, 04:30h. The deal fusing Eldorado Resorts ( ERI) and Caesars Entertainment ( CZR) has closed, the combined company announced in a press release. The only real issue could stand in the way of the MGM-Caesars merger would be the Federal Trade Commission (FTC). What does this mean for you as a player? Immediately, some new features are unlocked, and down the road, some changes are inevitable. While the company's $3. Eldorado Resorts and Caesars Entertainment have shaken hands on a merger of their two companies in a $17. O) casinos on Thursday for the first time in nearly two decades, the unions said, as. , are included in the report. MGM Resorts International was hacked by the same group of attackers that breached Caesars Entertainment Inc. In the recent transaction that you heard about, Vici bought out MGM Growth in a deal valued at $17. On the Strip, it also currently owns the land on which Caesars. S. Benzinga’s Take: Investors should continue watching for major merger and acquisition deals in the online gaming space . 366 shares of newly issued VICI stock for every share of MGM Growth. The Casinos Analyst: Stephen Grambling initiated coverage of Caesars Entertainment with a Neutral rating and $56 price target. are reportedly discussing a merger to create a behemoth company that would control about half of the Las Vegas and. While the MGM hack went full swing, Caesars Entertainment was quietly paying a $15 million ransom to its hackers, confirmed to be Scattered Spider by several major news outlet sources. Culinary Union has tentatively secured about $2 billion in total compensation for Caesars, MGM and Wynn over the total five-year contract. No offer is on the table yet. MGM and Caesars each already have a respective footing in the sports betting industry. Caesars owns or operates casinos in 16 states across the country, including Mississippi’s Horseshoe Tunica located at the Tunica Resorts. It's all true folks. is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars. A LinkedIn post from Roskoph states that he will be leaving the gaming industry to join NFI, a supply chain and logistics company headquartered in New Jersey. As the big get bigger, what does it mean for travel agents and their clients? The answer, of course, depends on your perspective. Eldorado’s acquisition of Caesars may be in trouble due to coronavirus. The login and passwords in the data set were probably stolen from a computer infected with a malware called Redline, according to Dynarisk, which hides behind pirated copies of video games or. ”. 5 million a day. Among other casino giants, MGM Resorts International rose 1. Josh Kosman. By. 75 per share, consisting of $8. The only thing that stands in the way of final approval of Eldorado Resorts Inc. 20, 2023, in Las Vegas. 3 billion, in a cash-and-stock deal that the companies say will create the largest gambling. The nearly $8. 13 billion for Q3 that ended September of 2020. Contact Richard N. Save. Company says merger between subsidiaries Caesars Acquisition Co. Just about a month ago we told you about an activist investor looking to shake things up at Caesars Entertainment. The World's Online Gaming Authority Since 1995 . If the two did merge. Caesars operates several Las Vegas-based casinos, entertainment venues and online gaming apps. That fee, which has risen to $2. EDT 3 Min Read. 38 billion a. US casino giant MGM has reportedly hired investment bank Morgan Stanley and law firm Weil, Gotshal & Manges to examine a possible merger with fellow heavyweight Caesars, reports the New York Post. Corporate raider Carl Icahn, who has amassed a controlling 28 percent stake in Caesars over the last several months, professed himself “pleased. Caesars Entertainment, newly formed through last year’s merger of Eldorado Resorts and the former Caesars,. (2) Leased from Vici Properties, Inc. The Associated Press. Las Vegas casino giants MGM Resorts International and Caesars Entertainment are reportedly discussing a merger to create a behemoth company that would control about half of the Las Vegas and Atlantic City gaming and hospitality markets, the New York Post reported citing unnamed sources familiar with the ongoing talks. MGM reeling from cyber 'chaos' 5 days after attack as Caesars Entertainment says it was hacked too. (Photo by AaronP/Bauer-Griffin) GC Images. Every worker will be. 99; the news that there's a buyout in the works at 19. S. MGM Resorts and Caesars Entertainment are reportedly continuing their discussions on potentially merging the two casino giants. Oct 9 (Reuters) - Thousands of Las Vegas workers will picket MGM Resorts (MGM. with a restructuring that will enable it to invest $2 billion in future growth, mu. , will trade on the NASDAQ Global Select Market. Considering that the two companies have a combined debt load of $12. Caesars: Buy rating, $125 target. 17. The rumored MGM Resorts and Caesars Entertainment merger is being denounced by analysts who say such alignment odds are very long. A merger between two of the casino gaming industry’s largest companies would face regulatory hurdles in Atlantic City and at the federal level, according to experts. S. 0 billion. MGM is currently valued at roughly $30 billion,. MGM Grand Hotel & Casino. Published March 11, 2020. 1M slots jackpot hits on Las Vegas Strip By Tony. 4 billion in Q3 revenue was a. TPG Executive Editor Scott Mayerowitz was. specializes in the holding and operation of gaming establishments and hotel complexes. 1M slots jackpot hits on Las Vegas Strip By Tony. has acquired Caesars Entertainment Corp. 4 million per day. A senior cybersecurity professional at Caesars Entertainment is leaving, and three more lawsuits were filed against Caesars and MGM Resorts. The closing has been. MGM was the second-largest casino operator in the United States, based on revenue, in 2017, while Caesars was the fourth-largest. Jim Murren wants the $17. . A senior cybersecurity professional at Caesars Entertainment is leaving, and three more lawsuits were filed against Caesars and MGM Resorts. casino revenues. Speaking of Caesars, they were not shy to share at the time of the Eldorado acquisition of Caesars that they planned to sell a strip location when the time was right. 8 billion in cash. MGM Resorts. 366 shares of newly issued VICI stock for every share of MGM Growth Properties. MGM Resorts announced Thursday that it is considering options for its real estate portfolio that sources say will not include merging it with Caesars Entertainment’s real estate owner, Vici. It has long been expected that the merger would be completed sometime in the first half of 2020. Here is some news that came out earlier this week that could have a significant impact on tourism and travel in Las Vegas if it takes place. THIS WEEK IN NUMBERS Sponsored by Tad Lipsky of the FTC Bureau of Competition said at the time: “This merger would deprive customers of the substantial benefits of direct competition between DraftKings and FanDuel ”Harrah’s Entertainment is in talks to buy larger gambling rival Caesars Entertainment, a source familiar with the negotiations said, to leapfrog ahead of the proposed merger of MGM Mirage and. The move. In accordance with the merger agreement, the two gaming companies will combine to. , which runs the Eiffel Tower of the Paris Resort, center, follows last month's merger between MGM Mirage and. In the US alone, the current size of the gambling industry is bn and is expected to grow in value to over bn by 2024. Yes, the long-dreaded MGM/Caesars merger effort has finally come to pass. Caesars-MGM Merger Potential? In fact, if MGM Resorts and Caesars Entertainment pooled resources, it would create the largest casino company in North America, but one with business interests in Macau, the United Kingdom, and the United Arab Emirates. 1 and the transaction presentation attached hereto as Exhibit 99. Unlike MGM, Caesars appears to have skated through their own incident by making a $15 million #ransompayment to the hackers. The combined casino corporation became MGM Mirage. 2:06. With the departure of Caesars Entertainment CEO Mark Frissora, rumours have emerged. Tom Reeg, the soon-to-be head of Caesars Entertainment, has been slapped with a subpoena in a Securities and. In 2003, the name was changed to the current Caesars Entertainment. The odds favor this casino merger Caesars Entertainment really got an unlucky roll of the dice -- the coronavirus crisis came right when it was wrapping up its merger with Eldorado Resorts. Bridget Bennett/Reuters. S. The Signature at MGM Grand. (4) Leased from Gaming and Leisure. VICI Properties, the real estate investment trust spun off from Caesars Entertainment in 2017, has agreed to acquire MGM Growth Properties, itself spun off from MGM Resorts, for $17. VICI Properties Inc. and in China and Japan. 65 billion, which is quite an ROI, as the company purchased the property for $1. The. 3 billion acquisition of Caesars Entertainment Corp. While Caesars reportedly paid to make the pain stop, MGM did not. While each of our over 50 world-class resorts offer its own unique amenities, all share a. 5 billion deal to acquire MGM, the home of the Bond franchise and one of the most iconic movie studios in Hollywood history, Amazon announced Thursday. I expect the player club merger to be pretty quick as MGM is gonna want to cut those better perks fast lol. If the two Nevada casino giant merge assets, they would own 52% of the properties on the Las Vegas Strip. S. So yesterday. and one of the world's most diversified casino-entertainment providers. Casino Bonuses Free SlotsUpdated July 1, 2020 - 7:13 pm. 99 per share. The imminent departure of Caesars CEO Mark Frissora indicates the comopany's hedge fund owners want to change direction. US casino giant MGM has reportedly hired investment bank Morgan Stanley and law firm Weil, Gotshal & Manges to examine a possible merger with fellow heavyweight Caesars, reports the New York Post. At the VICI. VICI Properties Inc. LAS VEGAS (AP) — MGM Resorts International, the largest employer on the Las Vegas Strip, has joined rival Caesars Entertainment in reaching a tentative deal with the Las Vegas hotel workers. Online Bettors' Favorite Sportsbooks. Caesars shares fell 2. Caesars Palace on the Las Vegas Strip. owns and manages nine casinos, two in Rhode Island. (NASDAQ: CZR) ("Caesars" or "the Company") today announced that it has completed its acquisition of William Hill PLC (LSE: WMH) ("William Hill") for approximately $4. (Reuters) -The Scattered Spider hacking group said on Thursday it took six terabytes of data from the systems of multi-billion-dollar casino operators MGM Resorts International and Caesars Entertainment as both companies probed the breaches. ) and in China (2; MGM Macau and. shows, Diamond Lounges, replacing live table games with electronic ones, no grandfathered table minimum amounts anymore, increased. Politzer crunched the numbers and calculated $13 billion in revenue. September 21, 2023 - 5:36 pm Updated September 23, 2023 - 11:36 am. MGM Resorts bids for real estate trust spun off by Caesars reviewjournal. com. Notably, the attack on Caesars happened weeks prior to the attack on MGM Resorts that has, since Sunday evening, wreaked havoc on MGM’s operations, forcing guests to wait hours to check in and. Joined: Jan 23, 2016 Messages: 437 Location: Kent, UK Trips to Las Vegas: 8. Last week, in its 8-K SEC filing, MGM said it expects the security breach will cost the company at least $100 million. Mandalay Bay Resort and Casino. MGM Didn’t Consider Buying Caesars Properties Before or After Eldorado Deal, Won’t Do So Going Forward. Two Las Vegas strip behemoths, MGM and Caesars, recently fell victim to a hacker attack. . Caesars has already rejected suiters, but. This is an easy read and an excellent resource for Caesars Total Rewards players. At Stock Options Channel, our YieldBoost formula has looked up and down the CZR options chain for the new January 2022 contracts and identified one put and one call contract of particular interest. Harrah's recently completed its $1. Earlier in the week. Shareholders of Eldorado Resorts (NASDAQ:ERI) and Caesars Entertainment (NASDAQ:CZR) have approved an $8. 0:00. | A potential combined company would have an "overwhelming presence. With the departure of Caesars Entertainment CEO Mark Frissora, rumours have emerged suggesting MGM. Caesars, which operates 49 casinos in 13 U. RENO, Nev. The merger. RENO, Nev. 09 a year ago. Gamble. You will earn 2pts per $1 at gas stations and supermarkets. Penn National: Buy rating, $110 target. Caesars and El Dorado did it in less than one and that is a huge portfolio of properties and players; Cosmo is just one. All Online Casinos 1549 New Casinos 73 Warnings/Rogue 130 Land Based 2630 Mobile Casino 1499 Best Casinos 5 Live Dealer Casino Software Directory Bitcoin Casinos Anonymous Online Casinos Pay by. Net revenue totaled $2. According to an article in the Las Vegas Review-Journal, there's all kinds of doings, dirt, and drama to the two proposed mega-mergers: MGM Mirage-Mandalay and Harrah's-Caesars. MGM has a lot more cash on hand and is operating at a profit, while Caesars has been losing money since 2020 when it acquired. A diversified portfolio across the U. articles; complaints; lcbFAQs; search; english; register login; Casinos. The merger of Caesars & Eldorado Resorts is further proof the casino industry and Vegas are always changing. There will be changes to Caesars throughout the. It is somewhat difficult to see who holds what when it comes to them. MGM, Caesars, Boyd to begin testing employees for coronavirus Thursday reviewjournal. MGM Growth Properties, the REIT (real estate investment trust) of MGM Resorts, has proposed a merger with Caesars' own real estate holdings firm. 5 million square feet, 3,980 hotel rooms, and a 4,300-seat Colosseum theatre. The New York Post reported investment bank Morgan Stanley and law firm Weil, Gotshal & Manges have been hired to look into the possibility of merging the two gaming giants. This could potentially cause the FTC to step in to stop the merger, for fears it may create a monopoly.