The Federal Trade Commission and MGM Resorts International are investigating potential antitrust concerns related to the Las Vegas gaming market, according to sources familiar with the matter. The probe is in its early stages and no decisions have been made, the sources said. sources ftc mgmsisco theinformation
MGM Resorts declined to comment. The FTC also declined to comment. sources ftc mgmsisco theinformation
The investigation comes as MGM is preparing to open a new casino resort on the Las Vegas Strip, the $3.2 billion MGM Springfield, in Massachusetts.
The Federal Trade Commission, or FTC, is a government agency that protects consumers from unfair or deceptive business practices. The FTC website has a lot of helpful information for consumers, including a section on credit and debit cards. The website also has a section on identity theft. MGM Resorts International is a hotel and casino company that owns several properties in Las Vegas, Nevada.
The Federal Trade Commission (FTC) is investigating potential antitrust violations by MGM and Sony, according to two people familiar with the matter. The probe is in its early stages and may not result in any enforcement action, the people said.
The focus of the investigation is on a business practice known as information asymmetry, which can occur when one company has access to information that gives it an advantage over rivals, the people said.
