Even after selling Circus Circus Las Vegas and negotiating a sale-leaseback of the Bellagio, MGM Resorts International said Wednesday the company is not done shopping available real estate. During the company’s third quarter earnings call, MGM Chairman and CEO Jim Murren said a deal for the flagship MGM Grand Las Vegas could be announced before the end of the year. The model is the company’s sale and leaseback of the Bellagio to Blackstone Real Estate Income Trust. “The Bellagio real-estate transaction represents more to us than a smart financial deal,” Murren said during a question and answer session with analysts. “It provides a likely blueprint for the future.”
News Ticker
- Foghat and Molly Hatchet at the Diamond Center on Jan. 11
- Blessing of Mount Democrat
- Oneida Indian Nation Announces Awards for Turning Stone Evolution Contracts to 26 Upstate New York Businesses
- Chicken Ranch Casino Resort & Vetnos Usher in a New Era of Gaming Entertainment: Playbawk, a Revolutionary Sports-Themed, Class II Mobile App, Launched at the Resort’s Grand Opening
- PÍVAT Cigar Lounge at Agua Caliente Resort Casino Spa Rancho Mirage, Coachella Valley’s Premier Cigar Lounge Launches its First Exclusive Cigar Experience; The Pívat Reserve
- 2025 Tribal Leadership Conference Will Feature a THRP Leader Certification Offered by NNAHRA
- Wind Creek Chicago Southland Confirms Casino Doors Open on Nov. 11
- Sault Tribe Casino Employees and Patrons Can Breathe Easy as Casinos Become Smokefree
- Snoqualmie Casino Announces Exciting Rebranding to Snoqualmie Casino & Hotel Ahead of Major Expansion
- Casino Del Sol Receives Best Overall Casino Nomination in Newsweek Readers’ Choice Awards
Copyright © 2020 — Tribal Gaming and Hospitality Magazine — All Rights Reserved.