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Nevada Gaming Commission approves $550m Venetian distribution to investors

Regulation

The Nevada Gaming Commission approved a $550m cash distribution from the Venetian to its investors, according to the report. CFO Robert Brimmer said the money would come from $830m in cash held at the end of July, leaving $280m, while the company continued property investment and renovation work.

Investors gain an approved cash distribution while the Venetian retains funds for operations, property investment and renovation work.

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Jordan Bender says US election outcomes could affect gaming companies

Citizens analyst Jordan Bender said the US midterm election results could influence gaming companies. In Texas, Vicki Goodwin won the lieutenant governor race and supports a public vote on casinos and sports betting; Nebraska voters rejected two measures that would have legalised online sports betting. Bender said Amy Acton's Ohio victory may ease the path to igaming legalisation, though Republicans hold supermajorities in both legislative chambers.

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