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MGM Resorts International Sells MGM Grand, Mandalay Bay

By Dan Katz - January 14th

Two more iconic properties sold MGM Resorts International announced on Tuesday that it has agreed to sell both the MGM Grand Las Vegas casino and the Mandalay Bay. The total value of the deal is approximately $4.6 billion. The sale of MGM Grand is the most heavily-covered part of the deal in MGM’s press release.… Read more »

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Report: MGM in Talks to Sell Bellagio, MGM Grand Las Vegas to Blackstone Group

By Dan Katz - September 17th

Bloomberg is reporting that Blackstone Group, Inc. is pursuing the acquisition of both the Bellagio and MGM Grand Las Vegas from MGM Resorts International. The financial media outlet’s sources say the two companies are talking, but no details are known yet and things could always fall apart. Bloomberg analysts estimate that the Bellagio could sell… Read more »

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