2024.07.18
soaring eagle casino table gamesCaesars previously said it’s targeting divestment of one of its Las Vegas venues next year.(Image: Culinary Union/Facebook)The Culinary Union Local 226 held the event. They died down as Blackstone went on its own buying spree of Strip real estate assets, and high-end casino property deals ebbed following the onset of the coronavirus pandemic.The glitzy Cosmopolitan ranks as one of Sin City’s relics of the global captain jack casino no rules bonus 2020financial crisis with Deutsche Bank seizing control of the venue from developer Ian Bruce Eichner after he defaulted. coolcat casino welcome bonusThe 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. Those restrictions, which included capacity reductions, mask requirements, and other social distancing guidelines, were in place for nearcaptain jack casino no rules bonus 2020ly a year until being lifted for all operators on June 1.Since then, Las Vegas has seen millions of visitors flock back to the Strip and the area’s other casinos, helping the state post record gaming revenue totals. rights. golden nugget casino credit river spirit casino resort tulsaresorts casino suitesB ut the rumor mill is spinning with some recent speculation involving Caesars Entertainment (NASDAQ:CZR) potentially shopping Planet Hollywood. Union officials noted that more than a third of its 60,000 members have yet to be called back to work. Those numbers were posted despite the Vegas area becoming a hotspot for the COVID-19 delta variant. peppermill casino pabport rewards(Image: Eater Vegas)As was widely expected, MGM Resorts International (NYSE:MGM) is involved in the deal. 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. Those restrictions, which included capacity reductions, mask requirements, and other social distancing guidelines, were in place for nearcaptain jack casino no rules bonus 2020ly a year until being lifted for all operators on June 1.Since then, Las Vegas has seen millions of visitors flock back to the Strip and the area’s other casinos, helping the state post record gaming revenue totals. turtle lake casino covid 19 mohegan sun slot gamesonline slots real money no deposit bonus usaEven 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 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 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: Eater Vegas)As was widely expected, MGM Resorts International (NYSE:MGM) is involved in the deal. The 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. 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. phone number for winstar world casino caesars casino no deposit bonus |