A Caesars Rewards member scored while playing pai gow on the Strip.
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After the closing of a $1.625 billion deal Tuesday, MGM Resorts International is now the official owner of the 3,033-room Strip property.
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.
Over the past year or so, Las Vegas has seen a rising tally of sales and construction plans involving vacant land, retail properties and hotels on or near its famed casino corridor.
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.”
Bally’s Corp., winner of the bid to build a casino in Chicago and the future owner of Tropicana’s operations, still isn’t sharing what’s in store for the Strip property.
MGM Resorts International cleared a key regulatory hurdle Wednesday in its bid to acquire operations of The Cosmopolitan of Las Vegas.
Caesars Entertainment said it started the process of selling one of its Strip casinos during its first quarter earnings call, but did not say which one.