United Statescno

Liz Ann Sonders, Charles Schwab chief investment strategist, sees a rise of speculative investing and says financial markets are starting to look more like casinos. She speaks with Tom Keene and Scarlet Fu on the debut episode of "Bloomberg Money."

People Incorporated, the digital media and internet conglomerate formerly known as IAC (NASDAQ:IAC), announced Monday that it has submitted a non-binding proposal to the Board of Directors of MGM Resorts International (NYSE:MGM) to acquire all of the outstanding shares of the hospitality giant it does not currently own.

Real estate mogul Tilman Fertitta's years-long quest to buy Caesars Entertainment Inc. is finally paying off: His firm struck a $5.7 billion, all-cash deal for the Las Vegas company on Thursday that will add some 52 casinos in the US to his entertainment empire. Fertitta's pursuit of Caesars dates as far back as 2018, when the owner of the Golden Nugget casinos approached the company about a possible merger. Fertitta had borrowed heavily to buy the Houston Rockets basketball team for $2.2 billion, and the potential merger was seen at the time as a means of folding his debt into a larger company.  Fertitta eventually built a stake in Caesars, signaling his continued interest in a tie-up. As part of the takeover announced on Thursday, Fertitta Entertainment Inc. is paying Caesars shareholders $31 a share in cash. We get reaction from Jody Lurie, Senior Credit Analyst for Bloomberg Intelligence.

Fertitta Entertainment agreed to acquire Caesars Entertainment (NASDAQ:CZR) in an all-cash transaction valued at approximately $17.6 billion, consolidating two major portfolios within the domestic hospitality and gaming industries.

Bally’s Corp. (NYSE:BALY) reported a 28.3% surge in first-quarter revenue, hitting $755.7 million for the period ended March 31, 2026.

Brightstar Lottery (NYSE:BRSL) reported first-quarter revenue of $587 million, a 1% increase year-over-year.

Century Casinos (NASDAQ:CNTY) delivered a record-breaking performance for the opening quarter of 2026, signaling that its recent capital investments and geographic diversification are beginning to yield higher operational efficiency.

President Donald Trump said he would investigate federal employees placing bets on event-betting platforms during comments with reports at the White House on April 23.

BetMGM, the sports betting and iGaming joint venture between MGM Resorts International (NYSE:MGM) and Entain, reported first-quarter 2026 financial results on Tuesday, April 14, 2026.

Playtika Holding (NASDAQ:PLTK), a global leader in mobile gaming and entertainment, announced on April 6, 2026, that its Board of Directors has initiated a formal process to explore strategic alternatives for the company.