Blackstone aims to sell Bellagio hotel in Vegas

United States investment giant Blackstone, the majority Crown owner, is in talks now to sell its interest in the Bellagio hotel in Las Vegas.

According to reports, the group is now looking to cash-out on some of its real-estate, with the MGM Resorts’ Bellagio first on its list.
The company had initially bought the property for some $42.5 billion in 2019, pre-COVID, and has recently been offloading industrial properties for billions.
It remains to see how much Blackstone could get for the Bellagio property and which companies will be submitting bids.
Blackstone is currently the majority owner of Australian-based Crown Resorts, having acquired the company last year for some $6 billion.

Bricks & Mortar Las Vegas Property sale Blackstone Latest news

Accelerating currency drop of renminbi pressures Macau tourism market
_2025-01-07UN report reveals growing presence of organized crime in pacific islands casino projects
_2025-01-06Macau GGR to grow 8% in 2025, backed by increasing travel spending: Goldman Sachs
_2025-01-03The overnight disappearance of 8XBet: a brand shrouded in controversy
_2025-01-02Macau’s gaming industry on track for strong 2025 kickoff: Citigroup
_2025-01-02China's president urges Macau to continue diversification drive away from gaming
_2024-12-20

Open in new window
View settings