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By issuing an unlimited number of temporary licenses, everyone gets a chance to compete and work out the kinks while regulators decide who should stay, said Chris Cipolla, senior director of legal and government affairs for Boston-based Draft Kings, at a commission meeting Thursday.
Melco Resorts & Entertainment Limited (NASDAQ:MLCO) rose 5.97% in early trading on Wednesday, while Las Vegas Sands (NYSE:LVS) gained 2.33% and Wynn Resorts (NASDAQ:WYNN) was 1.88% higher. The three casino stocks are on their way to a third straight up day.
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The gaming industry has grown exponentially; in 2018 alone, it generated over €2 billion ($2.3 billion USD) in revenue¡ªmore than a double of what it did during 2017¡¯s entire year-long period.
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