MGM Resorts International is selling the Bellagio property and leasing it back, giving the casino operator a cash infusion of more than $4 billion.
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The Las Vegas Valley has seen plenty of construction success stories, but it also boasts a long history of developers pitching big plans and never following through.
If all went according to plan, visitors — by now — would see an arena with a retractable roof and a five-star hotel developed by ex-NBA player Jackie Robinson on the Las Vegas Strip.
A New York investment firm announced Friday it bought 9.5 acres of real estate along Las Vegas Boulevard for $172 million, or about $18 million an acre.
The former Fontainebleau — the blue-tinted tower that has blighted the Strip for a decade — is slated to open as the Drew in the second quarter of 2022.
After buying land on Las Vegas Boulevard last year, operators of the Pinball Hall of Fame have filed plans for a new arcade near the south edge of the Strip.