2 of the US's biggest casinos are reportedly exploring a deal Caesars Entertainment was gaining around Monday, up as much as 3%, after a report said MGM could make a play for the struggling casino chain. MGM has hired investment bank Morgan Stanley and law firm Weil, Gotshal & Manges to work on a possible merger with Caesars, according to New York Post, citing sources familiar with the matter. Activist hedge funds have been pushing for the combination, but no offer is on the table yet, the sources said. (Business Insider)