Casino landlord closes buyout of MGM Grand, Mandalay Bay on Las Vegas Strip

Author: Live Casino Direct
 
Casino landlord closes buyout of MGM Grand, Mandalay Bay on Las Vegas Strip
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Vici Properties bought 49.9 percent of MGM Grand and Mandalay Bay from Blackstone for $1.27 billion. Vici is assuming 49 percent from $3 billion debt load. The next rent hike for the two properties is expected to total around $310 million.

The landlord closes the buyout of MGM Grand and Mandalay Bay.