inside bellagio hotel and casinoMGM 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.MGM has been at the forefront of many of those transactions as both buyer and seller.Today we are announcing that, after careful consideration, we have made the decision to sell the operations of The Mirage to another operator, a move that we believe is best for the long-term success of both the property and MGM Resorts,” said Hornbuckle in a letter to Mirage staffers.no deposit bonus casino guruStrip 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.That sector was one of the top three performers during the 2013 taper tantrum.Specific to Caesars, the gaming company looks far different today than it did in 2013.bellagio casino marker

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coushatta casino kinder laCaesars stock is up 49 percent year-to-date.Much of that will go toward reducing debt, and that it’s eyeing a sale of one of its Las Vegas Strip venues in early 2022.News 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.online casinos usa real moneylissold said in a recent report.In 2000, the operator previously known as MGM Grand doled out .That brings an end to long-running speculation about the fate of the integrated resort.roulette tables

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free slots dragon linkMGM has been at the forefront of many of those transactions as both buyer and seller.It’s also an emerging player in the fast-growing iGaming and sports betting segments.Caesars stock is up 49 percent year-to-date.The operator is the second-largest on the Las Vegas Strip, and has a deep portfolio of regional assets, both of which are setting quarterly records.But on the conference call, an analyst said the sale could generate 0 million to 0 million in proceeds for the seller.2 billion in equity.admiral casino salford