The United Arab Emirates has created a federal authority to potentially run a national lottery and what it describes as “commercial gaming,” likely a sign that it is on the verge of allowing gambling as major casino operators flock to the Gulf Arab nation.

FILE - In this Feb. 22, 2020, file photo, Tyson Fury, of England, lands a right to Deontay Wilder, left, during a WBC heavyweight championship boxing match in Las Vegas. Boxing promoter Bob Arum says he plans to stage a card of five fights on June 9 at the MGM Grand. It's the first of a series of fights over the next two months at the Las Vegas hotel. A second fight card will be held two nights later. Hearn told The Athletic that the first fight card is tentatively set for July 15.

Ethan Miller/Getty Images(CNN) - MGM Resorts is offloading two well-known Las Vegas casinos in separate deals that total nearly $5 billion. MGM is also forming a joint venture with private equity firm Blackstone to acquire the Bellagio's real estate and lease it back to MGM Resorts. Opened in 1968, Circus Circus is one of the city's most recognizable casinos and remains geared toward families with its theme park and cheap rooms. The $825 million deal is expected to close at the end of year, subject to regulatory approvals. This is the second major real estate deal that has shaken up the Las Vegas landscape this year.