Las Vegas - The board of Mandalay Resort Group Inc. late Tuesday approved MGM Mirage Inc.'s 4.8 billion USD cash offer to buy the gambling company in a deal that would create the industry's dominant casino operator. "Our board has approved the offer from MGM Mirage to purchase the company at 71 USD per share," Glenn Schaeffer, Mandalay's president and chief financial officer, told The Associated Press.

MGM Mirage Inc.'s board on Tuesday approved a 4.8 billion USD cash offer for it to buy Mandalay Resort Group in a deal that would create the industry's dominant casino operator. MGM Mirage's offer is contingent upon it being accepted by Mandalay, according to a source familiar with the lengthy closed-door MGM Mirage board meeting.

London - In a major shake-up of Britain's gambling laws, the government has approved Las Vegas-style super casinos offering scores of blackjack and other card tables, roulette and hundreds of slot machines paying jackpots of up to 1 million GBP (3.1 million USD).

Las Vegas - MGM Mirage Inc. has raised its bid for rival casino operator Mandalay Resort Group only days after its previous offer was rejected as insufficient, pushing ahead with its effort to create the biggest gambling company in the world. MGM Mirage said Monday the two sides had agreed on "all material terms" of the revised 4.8 billion USD cash offer after intense weekend discussions.

Las Vegas - Mandalay Resort Group announced today that Mandalay and MGM Mirage have discussed terms for a potential acquisition of Mandalay by MGM for 71.00 USD per share in cash. The terms would offer significantly greater assurances of closing for Mandalay's shareholders than did MGM's previous acquisition proposal.

New York - MGM Mirage has renewed buyout talks with the Mandalay Resort Group, and the two casino operators now appear near a new deal, The New York Times reported on Monday. MGM Mirage has raised its offer to 71 USD a share from an original bid of 68 USD a share, the newspaper said, citing unnamed executives close to the discussions.

Comedian Don Rickles has been inducted into the Gaming Hall of Fame. Rickles, who made his first appearance in Las Vegas in 1959, accepted the honor Friday during a ceremony at the Green Valley Ranch hotel-casino. "In the 45 years I've worked in casinos, I dreamed of being honored by an organization like the American Gaming Association, especially since I don't even have a hunting license," Rickles joked.

LAS VEGAS (AP) — Mandalay Resort Group rejected MGM Mirage Inc.'s Dollar 4.85 billion cash buyout offer that would have created the largest casino company in the world, saying yesterday that the Dollar 68-per-share bid was insufficient.

Negotiations to create the world's largest gambling company came to a standstill Thursday after MGM Mirage Inc. declined to raise its 7.65 billion USD offer to buy Mandalay Resort Group, according to a person close to the talks. MGM Mirage offered to buy the company for 4.85 billion USD in cash and to assume 2.8 billion USD in Mandalay debt. MGM Mirage offered 68 USD per share but Mandalay executives are balking, believing they might be able to get more money.

In his recent decision of April 1st 2004 (case no. I ZR 317/01), published today, the Federal Court of Justice expresses doubts on the compatibility of German sporting bet and lottery regulations as well as of Art. 284 German Penal Code with Community Law.

Las Vegas - Steve Wynn's Macau megaresort will cost about 705 million USD and include 600 rooms and 100,000 square feet of gambling space, the casino developer revealed in a Securities and Exchange Commission filing Thursday. Wynn intends to begin construction June 28 on the Wynn Macau project, which will also consist of seven restaurants, approximately 28,000 square feet of retail space, a spa, salon and entertainment facilities.

Boise - Attorney General Lawrence Wasden advised legislative leaders on Wednesday that he will not appoint an attorney to handle their proposed challenge to the constitutionality of the 2002 Indian gambling initiative. In a letter to Legislative Services Director Carl Bianchi, Wasden said his responsibility would be to defend the initiative against constitutional attack, not lead that attack.