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Hot Wheels is an American media franchise and brand of scale model cars invented by Elliot Handler and introduced by his company Mattel on May 18, 1968. [2] It was the primary competitor of Matchbox until Mattel bought Matchbox owner Tyco Toys in 1997.
While Pinnacle Entertainment intended to replace it with a $1.5-$2-billion casino resort, the company canceled its construction plans and sold the land for $29.5 million. [68] MGM Resorts International announced in October 2007 that it would pull out of all development for Atlantic City, effectively ending its plans for the MGM Grand Atlantic City.
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