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New bills in Nevada could lead to sports wagering boom

Jun. 04, 2015 2:20 PM ETMGM Resorts International (MGM) StockMGM, WYNN, CZR, WIMHF, WIMHYBy: Clark Schultz, SA News Editor
  • Two new bills passed in Nevada could help sports book in the state triple the amount of money that take in on sports wagers within five years, say casino industry watchers.
  • Senate Bill 443 opens the door for entity wagering, while Senate Bill 445 allows Nevada sports books to manage operations in other jurisdictions.
  • Companies with a significant sports book presence in Nevada include MGM Resorts (NYSE:MGM), Wynn Resorts (NASDAQ:WYNN), Caesars Entertainment (NASDAQ:CZR), William Hill (OTCPK:WIMHF, OTCPK:WIMHY), and privately-owned Westgate Resorts.

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