Blackstone Real Estate Income Trust (BREIT) has agreed to divest its 49.9% interest in MGM Grand Las Vegas and Mandalay Bay Resort to its joint venture (JV) partner VICI Properties for approximately $1.27 billion in cash. VICI Properties currently holds a 50.1% stake in the joint venture that owns the two properties located in Las […]
US-based casino-entertainment company Caesars Entertainment has wrapped up the previously announced $250 million sale of its Caesars Southern Indiana operations to the Eastern Band of Cherokee Indians (EBCI). The deal was announced in December 2020. Following the closing of the deal, the Eastern Band of Cherokee Indians has entered into a triple-net lease agreement with […]
US casino hotel company Eldorado Resorts has agreed to sell Mountaineer Casino Racetrack and Resort in New Cumberland, West Virginia, Isle Casino Cape Girardeau in Cape Girardeau and Lady Luck Casino Caruthersville in Caruthersville, both located in Missouri for $385 million in two separate agreements. As per the agreement terms, Century Casinos will acquire the […]