2025.12.16
black oak casino updateBlackstone owns the property assets of Bellagio, almost half the real estate of MGM Grand and Mandalay Bay, and is the buyer for Aria and Vdara property,Said another way, Blackstone is MGM’s landlord or slated to be at several venues.Since COVID-19 cases began to spike in March 2020, conventions have been slow to return to Las Vegas, adding to the area’s economic woes.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.golden nugget casino gold nuggetHe is also coming off the sale of Golden Nugget Online Gaming to DraftKings for .74 billion from Deutsche Bank in 2014 — a fire sale price, because the German bank shelled out .Apollo Global Management (NYSE:APO) and MGM Resorts International (NYSE:MGM) are reportedly interested in acquiring the Cosmopolitan on the Las Vegas Strip.luckyland slots casino apk boulder station casino vegasmgm casino gunLas Vegas continues to lead the nation’s large cities in unemployment, though the rate is in the single digits now.Current owner Blackstone (NYSE:BX) is rumored to be shopping the venue at a price tag of at least billion.Conventions Crucial to Las VegasConventions, which bring large numbers of people to Las Vegas, are seen as vital in filling up hotel rooms on the resort corridor.wild horse pab casino craps tableAs 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.Since COVID-19 cases began to spike in March 2020, conventions have been slow to return to Las Vegas, adding to the area’s economic woes.Golden Nugget owner Tilman Fertitta has long desired a Strip property, and there’s plenty of speculation to that effemap of chinook winds casinoct.firekeepers casino new tower winstar world casino rv parkvalley forge casino reviewsTalk of Other SuitorsAt billion, the list of legitimate suitors for Cosmopolitan Las Vegas is short.56 billion in equity.But prime Strip properties are highly desired, and if the sale rumor is true, it could draw some tire kickers.Apollo and MGM could be in the mix.As part of that transaction, Fertitta agreed to hold the DraftKings equity he’s receiving for at least a year.On that note, MGM buying an asset from Blackstone would flip the script previously penned by the companies.telephone number for desert diamond casino miami club casino no deposit code |