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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. Rumors of a sale of Cosmopolitan Las Vegas, seen above, are high noon online casino no deposit bonusheating up. Apollo and MGM could be in the mix. little river casino wedding (Image: KTNV)A Bloomberg article out earlier today identifies private equity giant Apollo and MGM as potential suitors for the plush Sin City asset. It arrives several days after Vital Vegas reported that chatter regarding a sale is heating up. no deposit bonus winward casino Reports of the integrated resort being for sale surfaced nearly two and a half years ago. doubledown casino lobby 5 Casino Street Terrigal Aahr 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 . morongo casino buffet hours 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. hotels near riverwind casino oklahoma Draftkings Casino Geolocation Error Sink But the private equity firm is a credible bidder for the property because it’s been cobbling together an array of gaming assets. table games at mystic lake casino 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. 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. 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 Apolhigh noon online casino no deposit bonuslo on a bid for Cosmopolitan. casino usa real money 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). 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. casino grade poker table felt 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