MGM Resorts’ accord to divest two major assets will raise $4.3 billion in net proceeds and potentially raise funds for a development in Japan.
Caesars Entertainment said it agreed to sell the Rio All-Suite Hotel & Casino to a company controlled by a principal of Imperial Companies for $516.3 million, in a deal that will allow it to focus on its Las Vegas Strip properties.
Activist investor Carl Icahn again raised his stake in Caesars Entertainment on Monday and is likely to push for a sale of the operator, though Las Ve
Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.
ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264