Massive $17 BILLION Dollar BUYOUT of MGM Resorts Properties in Las Vegas - Consumer Confidence Up?

Dated: May 3 2022

Views: 6

A big casino landlord closed its acquisition of MGM Resorts International’s real estate spinoff, giving the buyer several more hotel properties on the Strip.

Caesars Entertainment spinoff Vici Properties said Friday that it completed its $17.2 billion buyout of MGM Growth Properties. The deal was first announced in August and included the assumption of about $5.7 billion of debt.

As part of the sale, Vici acquired several MGM Resorts-operated properties along Las Vegas Boulevard including Mandalay Bay, MGM Grand, The Mirage, Park MGM, New York-New York, Luxor and Excalibur.

It also picked up several other casino properties outside Nevada, including MGM Grand Detroit and MGM National Harbor near Washington, D.C.

All told, Vici is slated to receive more than $1 billion in initial annual rent from the newly acquired properties, the firm indicated.

________________________

FIND YOUR NEW HOME HERE!

NEW HOMES FOR SALE North LAS VEGAS: https://myre.io/0qkKcAodVBBg

NEW HOMES FOR SALE HENDERSON: https://myre.io/0jbpj9LBPLy

NEW HOMES FOR SALE SUMMERLIN: https://myre.io/0YRnC8BAPXrl

NEW HOMES FOR SALE LAS VEGAS: https://myre.io/0CMoiL45F7lt

RESALE HOMES:

RESALE HOMES FOR SALE SUMMERLIN: https://myre.io/0UTj2QDZQr4t

RESALE HOMES FOR SALE HENDERSON: https://myre.io/0EpPM9PibuBl

RESALE HOMES FOR SALE LAS VEGAS: https://myre.io/0JfHHgHCuVok

________________________

Topics You will Need To Research For Additional Advice: CPA, attorney, insurance, or financial advisor and the information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, and electrical advice. I only provide expert advice for Financing and Real Estate.
“All INFORMATION IS RELIABLE BUT NOT GUARANTEED. ALL PRICING IS SUBJECT TO CHANGE.”
Blog author image

Dan French

A Southern CA transplant, Dan has over 11 years in home financing with a multi-faceted background in lending and Real Estate. I have The main objective of providing the highest level of customer servi....

Latest Blog Posts

Skye Mesa II 2204 at Skye Canyon | Century Communities Homes for Sale | 2 BR | 2,204 Sq Ft $512,990+

Tour the Skye Mesa II Model #2204 by Century Communities.Single Story | 2 BR plus Office | 2.5 BA | 2,204 Sq Ft | Options and Upgrades Available | $512,990 Starting.CALL DAN FRENCH AT 725-206-7979

Read More

RECESSION IMMINENT - Affordable Housing Shortage in Las Vegas the MOST SEVERE in the Nation

That shortage could be considered a crisis, given that Nevada also tops the list for the highest percentage of extremely low-income households (earning 0% to 30% of area median income, as defined by

Read More

DON'T Let this Happen to You Buying a FLIP Home in Las Vegas - Is this House Worth $1.1 M Price Tag? 2935 S Tioga Way, Las Vegas, NV 89117

2935 S Tioga Way, Las Vegas, NV 89117CALL DAN FRENCH AT 725-206-7979 FOR MORE INFORMATIONWhen you buy a brand new, recently-constructed home, you pretty much know what you're going to get. In fact,

Read More

The Olivia at Rainbow Crossing Estates | 4-5 BR + Loft | Dual Master | Southwest New Homes | $772K+

Tour the "The Olivia" Model by Pulte Homes at Rainbow Crossing Estates in Henderson!Two Stories | 4-5 BR | 3-4 BA | 4,375+ Sq Ft | Options and Upgrades Available | $771,880 StartingCALL DAN FRENCH

Read More