MGM Resorts International said late Tuesday it is selling its Circus Circus casino resort in Las Vegas and a huge interest in its Bellagio resort. MGM shares...
MGM Resorts International MGM, -0.36% said late Tuesday it is selling its Circus Circus casino resort in Las Vegas and a huge interest in its Bellagio resort. MGM shares rose 0.5% after hours, following a 0.4% decline to end the session at $27.87. The company said it was entering a joint venture with Blackstone Group Inc.'s BX, +1.
27% Real Estate Income Trust in a sale-leaseback deal for $4.25 billion, where MGM will have a 5% stake in the JV. The sale is expected to close by the end of the year. MGM also said it is selling Circus Circus for $825 million to an affiliate of Treasure Island owner Phil Ruffin. The deal is made up of $662.5 million in cash and a $162.5 million note due 2024.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
‘The Addams Family 2’ Is In The Works After Great $35M+ 4-Day Weekend, MGM/UAR Set Fall 2021 ReleaseEXCLUSIVE: It’s happening. No, not Cousin It, rather MGM/UAR are already planning a sequel to this past weekend’s animated hit The Addams Family with a release date of Oct. 22, 2021. Cu…
Consulte Mais informação »
Longtime Berkshire Hathaway shareholder sells stake, accusing Warren Buffett of 'thumb-sucking'David Rolfe, a longtime Berkshire Hathaway shareholder and CIO at Wedgewood Partners, is fed up with Warren Buffett.
Consulte Mais informação »
MIPCOM: 'Jigsaw' Directors Michael and Peter Spierig Board Ben Walker SeriesAGC Television will produce and sell the series, adapted from Christopher Golden’s best-selling supernatural thrillers.
Consulte Mais informação »
MIPCOM: Ad-Backed Streamer Tubi to Launch in U.K. Next YearThe company, in which Lionsgate and MGM are investors, also announced a new kids service, Tubi Kids, which will launch Oct. 21.
Consulte Mais informação »
G.I. Joe Spinoff ‘Snake Eyes’: Samara Weaving To Play ScarlettDeadline has confirmed that Ready or Not Australian actress Samara Weaving will play the role of counter-intelligence officer Scarlett in Paramount/Skydance/All Spark/MGM’s G.I. Joe spinoff S…
Consulte Mais informação »
Hillary Clinton Defends Meghan Markle Against “Inexplicable“ Treatment By the British TabloidsIn a new interview, the former secretary of state says she’s “a huge Meghan Markle fan.”
Consulte Mais informação »