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Las Vegas continues to lead the nation’s large cities in unemployment, though the rate is in the single digits now. Apollo Global Management (NYSE:APO) and MGM Resorts International (NYSE:MGM) are reportedly interested in acquiring the Cosmopolitan on the Las Vegas Strip. Current owner Blackstone (NYSE:BX) is rumored to be shopping the venue at a price tag of at least billion. drake casino no rules bonus codes Rumors of a sale of Cosmopolitan Las Vegas, seen above, are mountaineer casino locationheating up. Apollo and MGM could be in the mix. (Image: KTNV)A Bloomberg article out earlier today identifies private equity giant Apollo and MGM as potential suitors for the plush Sin City asset. slot casino 2021 It arrives several days after Vital Vegas reported that chatter regarding a sale is heating up. www.black lotus casino Reports of the integrated resort being for sale surfaced nearly two and a half years ago. They died down as Blackstone went on its own buying spree of Strip real estate assets and high-end casino property deals ebbed following the onset of the coronavirus pandemic. roulette in casino

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Blackstone acquired Cosmopolitan for . 74 billion from Deutsche Bank in 2014 — a fire sale price, because the German bank shelled out . 9 billion to build the venue. Making Sense of Cosmopolitan Sale RumorsApollo didn’t confirm or deny interest in Cosmopolitan. big fish casino how to get lots of chips But the private equity firm is a credible bidder for the property because it’s been cobbling together an array of gaming assets. Earlier this year, Apollo partnered with VICI Properties (NYSE:VICI) to acquire the Venetian, Palazzo, and Sands Convention Center from Las Vegas Sands (NYSE:LVS) for . 25 billion. Free Online Poker Sites Play Money Pshd This year, the investment firm is viewed as a leading contender for William Hill’s international assets, and was a suitor for some sports betting operations in Australia. viejas casino food All that comes after Apollo bought a Canadian casino operator and Italian sports wagering business last year.

It’s not immediately clear if VICI will partner with Apolmountaineer casino locationlo on a bid for Cosmopolitan. But the real estate company has a penchant for deals, as highlighted by the aforementioned transaction with Apollo and the recently announced . the cliff castle casino 2 billion takeover of MGM Growth Properties (NYSE:MGP). black oak casino winners 2019 As for MGM, it’s already the largest operator on the Strip, and it remains to be seen if the company wants to add to its home market portfolio. Already tied to other takeover speculation, the Mirage operator has one of the industry’s strongest balance sheets, with more cash coming in by way of the MGP transaction and pending sales of Aria and Vdara. tachi palace casino arcade On that note, MGM buying an asset from Blackstone would flip the script previously penned by the companies. golden nugget casino florida raging bull casino instant play Blackstone owns the property assets of Bellagio, almost half the real estate of MGM Grand and Mandalay Bay, and is