Blackstone Makes a Big Bet With Bellagio: Validation Drives Valuation
Welcome to Las Vegas
GettyEarlier this week, MGM Resorts International (MGM) said it was selling two of its prized casinos. The combined price tag… was just over $5 billion.
As part of a continued restructuring, MGM opted to maintain control of the Bellagio resort by selling the $4.25 billion property and leasing it back to dominant real estate private equity giant Blackstone Group (BX).
By…
Discover more from USNewsRank
Subscribe to get the latest posts sent to your email.