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MGM Resorts selling MGM Grand, Mandalay Bay for about $2.5B

Seattle Times Tuesday, 14 January 2020
LAS VEGAS (AP) — MGM Resorts International is selling the MGM Grand and Mandalay Bay resorts and casinos on the Las Vegas Strip to a joint venture for about $2.5 billion. The joint venture includes private-equity and real estate company Blackstone Group and MGM Growth Properties LLC. The joint venture will be owned 50.1% by […]
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News video: MGM Resorts Will Sell MGM Grand and Mandalay Bay Casinos

MGM Resorts Will Sell MGM Grand and Mandalay Bay Casinos 00:14

MGM Resorts announced it will be selling its MGM Grand and Mandalay Bay casinos in Las Vegas. MGM Grand Las Vegas will be acquired by a joint venture of MGM Growth Properties and Blackstone Real Estate Income Trust for $2.5 billion.

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