WSJ News Exclusive | MGM Resorts Nears Deal to Sell MGM Grand, Mandalay Bay to Joint Venture Including Blackstone

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MGM Resorts is nearing a deal to sell MGM Grand, Mandalay Bay to a joint venture that includes Blackstone, people familiar with the matter say

MGM Resorts International is nearing an agreement to sell the MGM Grand and Mandalay Bay resorts and casinos on the Las Vegas Strip to a joint venture that includes private-equity and real-estate giant Blackstone Group Inc., according to people familiar with the matter.

Blackstone would own slightly less than half of the properties through its private real-estate investment trust, while MGM Growth Properties LLC, a public REIT, would own the remainder, the people said. The total purchase price couldn’t be learned, but the...

 

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So this is how Blackstone is shifting to climate change investments?

So they decide to avoid coal but invest in gambling - hypocrisy writ large black stone hypocrisy

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