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Nevada Regulators to Review Rules on Casino Monopolies27 June 2001CARSON CITY, Nevada –– As reported by the Associated Press: `` Nevada casino regulators plan September hearings to examine state rules created to prevent the control of gambling markets by a few companies. ``…The hearings follow recently announced casino purchases in Mesquite and in Stateline, on Lake Tahoe's south shore - a pair of relatively small casino communities dominated by a few companies. ``…State rules require regulators to consider the impact of consolidation on a national, statewide and local basis, but don't set limits on how much control is too much. ``They also must consider the impact of consolidation on consumers, employees and vendors. ``…The rules have never been used to block a casino purchase. ``MGM Grand's $6.4 billion purchase of Mirage Resorts in May 2000 was approved despite the combined companies' control of an estimated 50 percent of the Las Vegas high-end gambling market. ``Casino industry expert Bill Eadington said it may be time for Nevada to eliminate or streamline the state rules, allowing federal authorities to protect consumers against monopoly pricing…” |