Blackstone has purchased the hotels’ real estate for nearly $3.9 billion, and MGM is leasing the properties back.
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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.
A guest had a lucky start to their Labor Day, winning $1 million on a Ten Play draw poker machine.
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