Nevada gaming regulators seek ban on Steve Wynn from state's casino industry

UPDATE 1-MGM Resorts to sell Bellagio, Circus Circus assets for about $5 bln

MGM Resorts International said on Tuesday it would sell its Bellagio and Circus Circus resorts in Las Vegas in separate deals valued at about $5 billion, as the casino operator adopts an asset-light strategy to bolster its balance sheet. Blackstone Real Estate Income Trust will acquire the Bellagio from MGM for $4.25 billion in a sale-leaseback transaction through a 95-5 joint venture with MGM, the companies said in a statement. MGM also said it would sell Circus Circus Las Vegas to an affiliate of Treasure Island owner Phil Ruffin for $825 million.


UPDATE 1-Drug distributors in talks to settle opioid litigation for $18 bln -WSJ

Three drug distributors are in talks with state and local governments to settle opioid litigation for $18 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the discussions. McKesson Corp, AmerisourceBergen Corp and Cardinal Health would collectively pay the amount over 18 years under the deal currently on the table, according to the Journal. Around 2,600 lawsuits by state and local governments are pending nationally, accusing drug manufacturers of deceptively marketing opioids in ways that downplayed their risks, and drug distributors of failing to detect and halt suspicious orders.