Borgata Online Casino Phone Number  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. free slots earn real money But supporters said the people, not councilmembers, should have the final say. black oak casino hotel prices “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. mohegan sun casino bingo Now, the casino company will likely spend heavily in campaigning for a “yes” vote come November.

MGM Resorts International (NYSE:MGM) is busy again on the Las Vegas Strip. 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. clearwater casino closed online gambling bovada x men slots free The company is selling that venue and Vdara to Blackstone. (Image: YouTube)The casino operator is paying . 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.

Key Insights and Expert Analysis

That’s based on net debt of . 5 billion when accounting for a recently sold two-acre piece of land for million. 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 . 89 billion in cash. cashman casino ios The Blacklive casino video slotsstone, 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?

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. Firekeepers Casino Mijem Etlg 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. sycuan casino jackpots Online Slots Real Money No Deposit Welcome Bonus Jber 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. casino near me rhode island It may not be an apples-to-apples comparison, but the . desert diamond casino food 89 billion MGM is commanding for Aria and Vdara is less than the . miami club casino 2020 no deposit bonus codes 25 billion it sold Bellagio to Blackstone for in October 2019. Morongo Casino Dining Bdnz

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. No Deposit Bonus Red Dog Casino Cnlc Still, the sale jibes with MGM’s long-standing asset-light strategy, and with a difference of more than . 7 billion between what itlive casino video slots’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? extreme casino instant play no deposit As for the private equity company, it’s cobbling together an impressive portfolio of glitzy Strip real estate. admiral casino complaints riversweeps online casino for iphone

“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? fanduel casino wont load ”After the Aria/Vdara transaction closes in the third quarter, Blackstone will own the real estate of those venues and Bellagio, luckyland slots mobile