Large Real Estate Sales Beg the Question: What is the Future of Gambling in Las Vegas?
Private equity firm Blackstone is selling The Cosmopolitan’s luxury casino and hotel operations to MGM Resorts International for $1.65 billion. MGM Resorts International properties include The Mirage, The Bellagio, New York-New York and Mandalay Bay. The Cosmopolitan’s real estate assets were also sold to the Cherng Family Trust, Stonepeak Partners...