- The Nevada Gaming Commission says it allow betting on Olympic events in the state.
- The development could bring in more traffic to Las Vegas during the Brazil Olympics next summer from August 5 to August 21.
- Private sports books operator William Hill could see a benefit through its ownership of more than 100 outlets in Nevada. MGM Resorts (NYSE:MGM), Caesars Entertainment (NASDAQ:CZR), and Wynn Resorts (NASDAQ:WYNN) will also welcome the Olympics action.
- What to watch: Gaming companies are likely to keep pushing the envelope on what bettors in Nevada can take action on - including entertainment and political events. Categories such as the Oscars, American Idol, and elections could broaden the betting demographic.