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Third Circuit rejects MGM liability for New Jersey gambler’s $24m losses

Regulation

The Third Circuit Court of Appeals ruled on 28 April that MGM Resorts was not liable for a New Jersey man’s gambling losses of more than $24 million. The court rejected his claims that the company’s promotions and VIP contact exploited his gambling addiction, finding no duty of care under New Jersey law and no evidence of fraud.

The ruling limits operators’ liability for promotional contact with customers who say they have gambling problems under New Jersey law.

End-of-day close MGM Resorts (MGM), USD, to 13 June 2025
Story date17 March 202513 June 2025

Latest reported results

MGM Resorts NYSE: MGM

Quarter ended 30 September 2026

Revenue
USD 4.21bn10-Q filing 0000789570-26-000107
Operating income
USD 118.7m10-Q filing 0000789570-26-000107

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Lula says Globo resents betting ban as broadcaster holds BetMGM stake

President Lula said at a campaign event in Ipatinga that Globo was displeased because he ended betting and the broadcaster had a bet. Globo said the meeting between Flávio Bolsonaro and the group's leadership was institutional and that Lula would also have been received. Grupo Globo is a partner of MGM Resorts in Boa Lion, which operates BetMGM in Brazil under a Secretariat of Prizes and Bets licence since February 2025.

President Lula said at a campaign event in Ipatinga, Minas Gerais, on 16 October that Globo was displeased because he had ended betting and the broadcaster "had the bet". The remarks followed a lunch between Flávio Bolsonaro and the group's leadership on the day of the candidate's confirmation hearing. Lula also said the broadcaster was under suspicion regarding his candidacy, according to the report.

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