Blackstone has purchased the hotels’ real estate for nearly $3.9 billion, and MGM is leasing the properties back.
Casinos & Gaming
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The multibillion-dollar sale of The Cosmopolitan marks the latest in a string deals on the Strip between two powerhouse companies and another investment on Las Vegas Boulevard from the CEOs of fast-food chain Panda Express.
Las Vegas-based Scientific Games Corp. is selling its OpenBet business to Endeavor Group Holdings, which also owns UFC, for $1.2 billion, the companies announced Monday.
After lighting the Al Davis Memorial Torch, Steve Wynn said he is not on a comeback tour. “I am a private citizen.”
The iconic Manneken Pis statue outside the D Las Vegas in downtown Las Vegas was knocked over during a recent party.
Nevada gaming regulators have accused Station Casinos of accepting hundreds of sports wagers after a game’s outcome had been determined.
Longtime MGM Resorts International executive Cynthia Kiser Murphey is the new general manager of the Palms, the off-Strip resort acquired by the San Manuel Band of Mission Indians.
Hotel guests will pay a pretty penny for any room downtown this weekend as the three-day Life is Beautiful music and arts festival makes its return to Las Vegas.
The downtown Las Vegas hotel-casino will open 6 a.m. Wednesday, marking the first time the Victorian-themed property has welcomed guests since the pandemic prompted casino closures in March 2020.
A guest had a lucky start to their Labor Day, winning $1 million on a Ten Play draw poker machine.
Signs of Las Vegas’ economic revival are hard to miss these days, but the workforce that supports the economy has yet to see that same rebound.
