While MGM Resorts International agreed to sell two casino-hotels, including the Bellagio on the Las Vegas Strip to raise cash and pay debt, neither were sold to the real estate investment trust MGM set up three years ago to own casino properties while it operated them.
Bellagio’s $4.3 Billion Sale Bodes Well for Gaming Sector
Analysts Say Price Tag Was Too Much for MGM Growth Properties, but a Good Bet for Blackstone
CoStar News
October 18, 2019 | 3:38 P.M.
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IN THIS ARTICLE
- Properties
- Bellagio, a Luxury Collection Resort & Casino
3600 Las Vegas Blvd, Las Vegas, NV
- Companies
- MGM Growth Properties LLC
Real Estate
- Instinet
Finance and Insurance