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According to data from Yahoo Finance, the resort and casino sector is -41% over the last five years, and the overall gambling sector, which includes major sportsbooks and online operators, is +7%; the benchmark S&P 500 index, by comparison, is +71% during that span.
Two blockbuster developments in the casino space earlier this year seemed to indicate an increasingly bullish bet on the sector, including Fertitta Entertainment’s acquisition of Caesars Entertainment in May. The other is a subsequent takeover offer of MGM Resorts from its largest shareholder, Barry Diller’s People Inc. But a negative shift in market conditions could affect both deals.
In July, Fertitta’s General Counsel Steven Scheinthal told the Nevada Gaming Control Board that the company had a letter of intent from banks to finance the transaction but was waiting for better borrowing conditions. Fertitta is assuming nearly $12 billion in Caesars’ debt and is committed to a $6.6 billion financing package.
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Bergin also emphasized that the tribe had formally notified Interior twice about its launch timeline for the Preview Casino, providing regular progress updates without ever receiving a directive from federal officials to halt the project.
The conflict stems back to January 2025, when the outgoing Biden administration initially determined that the Vallejo parcel was eligible for gaming.
Interior temporarily rescinded that determination just two months later after newly appointed Secretary Doug Burgum raised concerns over whether the tribe’s historical connection to the land had been thoroughly evaluated.
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UPDATE: Carrot Top (real name: Scott Thompson) remains hospitalized in Las Vegas following what is now widely being reported as a suicide attempt on Friday (Sept. 18). On Sunday afternoon (Sept. 20), a rep for the beloved longtime Strip comedian told TMZ he “is now awake, breathing on his own and continuing to improve, surrounded by his family and those closest to him.”
All Carrot Top shows at the Luxor have been canceled at least through Saturday (Sept. 26).
In other Carrot Top news, Brian Evans—the man accused in a lawsuit filed by the comic of extorting him over a sex tape—told TMZ he denies ever threatening to release the tape. He claims it was erased from a USB drive “in accordance with the prior settlement”—a statement that TMZ did not elaborate on—and that he’s “sorry that Scott apparently did something to hurt himself.”
EARLIER: Carrot Top, the comic with the longest-running current Strip residency at more than 20 years, was rushed to a hospital on Friday (Sept. 18) after what TMZ reported as a suicide attempt.
His publicist, Jami Schlicher, confirmed only that he is recovering and receiving care. She asked for privacy on behalf of his family and close friends and did not address the reported cause.
