Peppermill Hotel Casino Las Vegas  to the damage caused by broken marriages, bankruptcies, suicides, and crime. A mecca of immorality, crime, and financial fallout,” is how Rev. John Raymond summarized the topic at hand. Winstar World Casino New Years Eve Kcrz But supporters said the people, not councilmembers, should have the final say. boomtown casino jobs reno Free Slots To Win Real Money Mgzb “Let us decide,” said Ronald Reeves, who owns a home in Slidell. P2E hired a slew of lobbyists who successfully convinced legislators in Baton Rouge to pass a bill that allows the casino referendum to occur. casino roulette calculator Now, the casino company will likely spend heavily in campaigning for a “yes” vote come November. chumba casino unlimited sweeps MGM Resorts International (NYSE:MGM) is busy again on the Las Vegas Strip. Free Casino Slot Games For Android Lpiu

It announced today that it’s acquiring the 50 percent of CityCenter it didn’t previously own, and is selling the property assets of Aria and Vdara. MGM’s Aria on the Vegas Strip, pictured above. The company is selling that venue and Vdara to Blackstone. hollywood casino shuttle (Image: YouTube)The casino operator is paying . mgm grand casino stock 12 billion to Infinity World Development for the 50 percent interest in CityCenter, valuing the complex in the heart of the Strip at . 8 billion. That’s based on net debt of . viejas casino parking 5 billion when accounting for a recently sold two-acre piece of land for million.

Key Insights and Expert Analysis

When that transaction wraps up — in what some real estate market experts are calling a stunning move — the gaming company will sell the property of Aria and Vdara to private equity firm Blackstone (NYSE:BX) for . firekeepers casino lansing winstar world casino customer service 89 billion in cash. free slots that pay real cash The Blackmgm casino in mabachusettsstone, Vdara and Aria new news is a complete surprise,” said James Harris, senior managing director at Helmsley Spear, in an interview. He notes prior to the coronavirus pandemic, MGM CEO Bill Hornbuckle expressed no interest in selling the two venues, “particularly at what appears to be a bargain price. ”Aria, Vdara Price: Is It Right? riverwind casino owner wild horse pab casino news While data confirms Las Vegas is recovering from the pandemic, some analysts may debate the pricing and timing of the Aria/Vdara divestment. May’s gross gaming revenue (GGR) figures from the Nevada Gaming Control Board hit a record. Though it’s making progress, the domestic gaming industry isn’t all the way back from the global health crisis and recent venue sales in Sin City haven’t fetched inspiring prices. are lake tahoe casinos being evacuated

In fact, some operators that were widely expected to sell Strip properties this year appear to be opting against such moves, perhaps owing to still-depressed pricing on gaming real estate. It may not be an apples-to-apples comparison, but the . 89 billion MGM is commanding for Aria and Vdara is less than the . clearwater casino in poulsbo washington free slot games blazing 7 25 billion it sold Bellagio to Blackstone for in October 2019. It’s also well below the . 6 billion the gaming company hauled in when it parted with the property assets of Mandalay Bay and MGM Grand in January 2020. Blackstone was part of that transaction as well. Free Online Sizzling 7 Slots Ildg Still, the sale jibes with MGM’s long-standing asset-light strategy, and with a difference of more than .

7 billion between what itmgm casino in mabachusetts’s paying for half of CityCenter and what Aria and Vdara are being sold for, the casino giant adds to what’s already one of the industry’s biggest cash stockpiles. Blackstone: Howard Hughes of the Strip? caesar casino lake tahoe As for the private equity company, it’s cobbling together an impressive portfolio of glitzy Strip real estate. “The question now is this, What does Blackstone see in Las Vegas revenues future that it is compiling a corner on the Strip Gaming market? ,” Harris said. “All they need is Wynn and they will rule Las Vegas as if they were a corporate Howard Hughes. What is Blackstone’s end-game? ”After the Aria/Vdara transaction closes in the third quarter, Blackstone will own the real estate of those venues and Bellagio, borgata casino a.c