Vici Properties reached a deal to purchase financial giant Blackstone’s 49.9 percent stake in the properties, which are leased to casino giant MGM Resorts International.
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The permits were issued the same day the Clark County Commission approved Fertitta’s plans for a towering hotel-casino on Las Vegas Boulevard.
Station Casinos has loaded up on more land in Las Vegas, closing a big purchase just a few days after it unveiled plans to demolish three hotels in Southern Nevada.
According to Las Vegas city records last year, the one-story project will span more than 21,000 square feet and sit on a 5-acre plot of land.
The buyer, British businessman Simon Dolan, made headlines for challenging the U.K. government in court over the country’s pandemic lockdowns.
Multibillion-dollar property sales can be structured to allow buyers and sellers to avoid paying the transfer taxes that support schools and other programs in Nevada.
Complex transactions without transfer taxes frequently cite an exemption allowed under state law for entities that transfer property to a subsidiary.
With its multibillion-dollar sale in the works, The Cosmopolitan of Las Vegas gave employees a welcome surprise Wednesday: a $5,000 bonus each.
Vici CEO Ed Pitoniak says the company has become “the leading real estate owner” on what “we believe is the most economically productive street in the world, the Las Vegas Strip.”
Vici Properties closed its acquisition of MGM Resorts International’s real estate spinoff, giving the buyer several more hotel properties on the Strip.
The Summerlin estate has been on and off the market over the past few years and was priced at $24.5 million last fall.
The towering north Strip hotel-casino will feature a pillarless ballroom spanning more than 105,000 square feet, one of the largest in Las Vegas.
Construction is underway on the $750 million Durango hotel-casino near Ikea.
Dental implants can have a huge impact – for Glenn and Debbie, they were a dream come true. Glenn was like so many people suffering through nagging discomfort and continual issues with their teeth. After years of suffering and no clear path to relief, Glenn finally met someone else with the same issues and found […]
As a dome of high pressure builds over the entire West, Thursday is projected to be the hottest day in the valley.
Giovanni Ruiz had faced the death penalty and was set to go to trial later this month in the 2019 killing of 19-year-old Paula Davis.
A Las Vegas homeowner filed a new appeal of a $180,000 fine for allegedly renting his home through Airbnb, citing violations of his constitutional rights.
Among those confirmed for iHeartRadio Music Festival, Gwen Stefani and Keith Urban have headlined residencies on the Strip.