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MGM Resorts International reportedly eyeing merger with Caesars …

SPRINGFIELD –MGM Resorts International, parent company of MGM Springfield, is reportedly in talks to merge with casino rival Caesars Entertainment, according to the New York Post.

But the merger would face scrutiny from federal regulators  — the U.S. Securities and Exchange Commission and the Federal Trade Commission — as well as from state gaming regulators across the country, according to the Press of Atlantic City, New Jersey.

In Massachusetts, Caesars once tried to grab a piece of the state’s casino pie. It partnered with Suffolk Downs to compete for the eastern Massachusetts license that went to Wynn Resorts, which is now developing the Encore Boston Harbor resort casino. But the Massachusetts Gaming Commission deemed Caesars ineligible to do business in the Commonwealth.

MGM was the second-largest casino operator in the United States, based on revenue, in 2017, while Caesars was the fourth-largest.

The possible merger was first reported in The New York Post on Monday.

The Post said MGM has hired investment bank Morgan Stanley and law firm Weil, Gotshal Manges to look into a possible deal.

Activist hedge funds, which own about a quarter of Caesars, are pushing for the deal, according to The Post., the website of the city’s CBS affiliate, said the merger would give the combined company an overwhelming presence in Las Vegas.

“I think these companies are always exploring their options through things like this,”  David Schwartz, the director of the Center for Gaming Research at UNLV, told the station. “They’re always looking at mergers and consolidations, so it’s not really surprising MGM would be considering this right now.”

Business in Vegas was slow this summer, as both companies admitted in their recent earnings reports to investors.

Caesars operates more than 50 resorts and casinos across the United States and Canada, according to its website. That

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