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Massachusetts regulators turn up the heat on casino applicants

The decision of Caesars Entertainment (CZR -7.3%) to back out of applying for a casino license in Massachusetts could be repeated by Wynn Resorts (WYNN +0.5%) and MGM Resorts (MGM) as they face similar probes on their activities by state regulators.

Steve Wynn vigorously defended his company's operations in Macau at a hearing by noting that his management team in the region are businessmen not "gangsters or bums."

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