United Kingdom
United States
Asia Pacific
MGM in talks to sell off three Vegas hotels
MGM is reportedly in talks to sell off three of its casino hotels.
It is in discussions to sell its Circus Circus property to real estate investor Phil Ruffin, who purchased the Treasure Island casino from MGM a decade ago.
Ruffin previously partnered with Donald Trump on the Trump International Hotel in Vegas.
Separately Bloomberg reports MGM will sell the Bellagio and MGM Grand to Blackstone Group, although MGM will continue operating them in a leaseback deal.
MGM could pocket about $7 billion for the two casino resorts, which are among the company’s most profitable properties.
These talks are at an advance stage, Bloomberg said.
Blackstone acquired the Cosmopolitan Las Vegas in 2014.
Related News Stories:
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Protestors now targeting Amsterdam cruise calls
Unexpected wave rocks cruise ship