2024.07.12
cool cat casino legitB ut the rumor mill is spinning with some recent speculation involving Caesars Entertainment (NASDAQ:CZR) potentially shopping Planet Hollywood. BREIT is also MGM’s landlord at Bellagio and owns minority stakes in MGM Grand and Mandalay Bay.Cosmopolitan Sale Extends Busy Period of Strip DealsWhile MGM kept its cards close to its vest on a possible Cosmopolitan acquisition, it was widely believed that operator and Blackstone rival Apollo Global Management (NYSE:APO) was the most viable contenders at the price point the seller was seeking.The deal extends a brisk pace of high-level asset sales and mergers involving Strip landlords this year. Already the largest operator on the Strip, MGM is shelling out about .6 billion to purchase Cosmopolitan’s casino and hotel operating rights. black hawk casino caUnion officials noted that more than a third of its 60,000 members have yet to be called back to work. That’s since the COVID-19 pandemic forced all casinos across Vegas and Nevada to close temporarily.After being shut down for nearly three months, Nevada’s casinos began to reopen with restrictions in June 2020. Even as cases rose dramatically, state and local officials chose not to reinstitute any capacity restrictions, although a mask mandate is back in effect in Las Vegas area public nearest casino grand rapids mi silver oak casino 100 free spins888 online casino michiganrights. That’s since the COVID-19 pandemic forced all casinos across Vegas and Nevada to close temporarily.After being shut down for nearly three months, Nevada’s casinos began to reopen with restrictions in June 2020. (Image: Eater Vegas)As was widely expected, MGM Resorts International (NYSE:MGM) is involved in the deal. legal online slots real moneyThe German banking giant was initially a creditor of Eichner, but ultimately took ownership of the venue, pouring billion into it.That investment didn’t pay off, as Deutsche Bank would sell the gaming property to Blackstone for .74 billion.Based on that price and the 0 million the private equity firm spent to enhance the venue, not only did Blackstone roughly triple its money on the property, selling Cosmopolitan represents Blackstone’s most profitable single asset trade to date, according to the Wall Street Journal.With BREIT getting a stake in the Cosmopolitan’s real estate assets, that Blackstone affiliate has interests in some of the most iconic Strip venues. Even as cases rose dramatically, state and local officials chose not to reinstitute any capacity restrictions, although a mask mandate is back in effect in Las Vegas area public (Image: Culinary Union/Facebook)The Culinary Union Local 226 held the event. sycuan casino fight firekeepers casino gambling ageharrah s casino hotelAlready the largest operator on the Strip, MGM is shelling out about .6 billion to purchase Cosmopolitan’s casino and hotel operating rights. Union officials noted that more than a third of its 60,000 members have yet to be called back to work. The transaction is slated to close in early 2022.Sweet Deal for BlackstoneReports of the integrated resort being for sale surfaced nearly two and a half years ago. The union, which represents about 60,000 casino workers, said 21,000 have yet to be called back to work since being laid off more than 18 months ago. Even as cases rose dramatically, state and local officials chose not to reinstitute any capacity restrictions, although a mask mandate is back in effect in Las Vegas area public Members of the Culinary Union Local 226 and their supporters marched down the Las Vegas Strip Friday evening, calling for more people to visit Las Vegas. lucky dragon net games wild horse pab casino yelp |