Numlock News: October 16, 2019 • Casino, Grades, VSCO
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By Walt Hickey Gamble MGM Resorts has sold the Bellagio Casino in Las Vegas to Blackstone Group for $4.25 billion, or roughly 27 times the amount stolen from the Bellagio Casino in Ocean’s Eleven. MGM also sold Circus Circus plus another 47 acres to a real estate investor for another $825 million. They’ll continue to operate the casinos, leasing them back from the owners, as they attempt to become a landless casino. The annual rent for the casino is $245 million, proving that the greatest heist of all is a real estate investment trust.
Numlock News: October 16, 2019 • Casino, Grades, VSCO
Numlock News: October 16, 2019 • Casino…
Numlock News: October 16, 2019 • Casino, Grades, VSCO
By Walt Hickey Gamble MGM Resorts has sold the Bellagio Casino in Las Vegas to Blackstone Group for $4.25 billion, or roughly 27 times the amount stolen from the Bellagio Casino in Ocean’s Eleven. MGM also sold Circus Circus plus another 47 acres to a real estate investor for another $825 million. They’ll continue to operate the casinos, leasing them back from the owners, as they attempt to become a landless casino. The annual rent for the casino is $245 million, proving that the greatest heist of all is a real estate investment trust.