2025.12.17
las atlantis casino appNews of MGM’s plan to sell the Mirage comes a day after rival Caesars Entertainment (NASDAQ:CZR) said it’s eyeing divestment of one of its Strip assets in early 2022.The Bellagio, Treasure Island, a 50 percent stake in the Monte Carlo, and other Nevada gaming venues – as well as casinos in Australia, Detroit, and Mississippi – were included in that deal.(Image: 8NewsNow.cliff castle casino blackjackSeparately, the company said earlier this week it could have as much as billion in cash to deploy next year.MGM Resorts International (NYSE:MGM) confirmed on its third-quarter earnings conference call Wednesday that it has commenced the sale process for the Mirage on the Las Vegas Strip.That could be a sign there are no guarantees the upcoming tapering will mirror the prior episode, or if there will be a “tantrum” at all.sunset station casino reservations mgm grand gamblingriverwind casino new years eve 2021Caesars stock is up 49 percent year-to-date.Caesars is the only gaming equity on the CNBC list of potential taper winners.On a conference call with analysts, MGM CEO Bcasino night partyill Hornbuckle, who started his career at the Mirage in 1989, said the largest operator on the Strip is in the “early stages” of the sale process.the foxwoods resort casino 301Strip Asset Sales Still HotSince late 2019, the pace of property sales on the Strip has been hot, even with a break caused by the coronavirus pandemic.Separately, the company said earlier this week it could have as much as billion in cash to deploy next year.Strip Asset Sales Still HotSince late 2019, the pace of property sales on the Strip has been hot, even with a break caused by the coronavirus pandemic.online slot casino usa online gambling casinohollywood casino kansas city mask policyIn September, the soon-to-be former Mirage operator shelled out .MGM didn’t say what the asking price is for Mirage’s operations.On a conference call with analysts, MGM CEO Bcasino night partyill Hornbuckle, who started his career at the Mirage in 1989, said the largest operator on the Strip is in the “early stages” of the sale process.The Bellagio, Treasure Island, a 50 percent stake in the Monte Carlo, and other Nevada gaming venues – as well as casinos in Australia, Detroit, and Mississippi – were included in that deal.That brings an end to long-running speculation about the fate of the integrated resort.Caesars executives didn’t specify which of its venues it will put on the auction block.admiral casino liverpool foxwoods resort casino 1994 coin |