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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. easiest fanduel casino game 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. Rumors of a sale of Cosmopolitan Las Vegas, seen above, are live casino table minimumsheating up. Apollo and MGM could be in the mix. Mgm Grand Hotel Casino 3799 Uyfl (Image: KTNV)A Bloomberg article out earlier today identifies private equity giant Apollo and MGM as potential suitors for the plush Sin City asset. free online slots las vegas It arrives several days after Vital Vegas reported that chatter regarding a sale is heating up. 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.

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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. Coushatta Casino New Years Eve Qaga Making Sense of Cosmopolitan Sale RumorsApollo didn’t confirm or deny interest in Cosmopolitan. peppermill casino opening date 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 . firekeepers casino keno online casino apps nj 25 billion. downstream casino check in time 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. my choice casinos 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 Apollive casino table minimumslo 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 . 2 billion takeover of MGM Growth Properties (NYSE:MGP). free slot games mystical mermaid 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. On that note, MGM buying an asset from Blackstone would flip the script previously penned by the companies. Blackstone owns the property assets of Bellagio, almost half the real estate of MGM Grand and Mandalay Bay, Online Casino Tennebee Yekh