Mgm Resorts Sells Two Of Its Casinos, Including The Legendary Bellagio In Las Vegas

MGM Resorts is preparing to receive some $ 5 billion in cash after the sale of its Circus Circus casino and that of the famous Bellagio Las Vegas casino, according to CalvinAyre. These sales are certainly linked to his future projects in Japan.

Double sale including a Las Vegas legend

MGM Resorts has decided to part with some of its properties. At first, he sold his Circus Circus casino in Las Vegas to an affiliate of casino operator Phil Ruffin, himself, already owning the Treasure Island casino in Vegas. The sale amount is $ 825 million, comprising $ 662.5 million in cash and $ 162.5 million in debt. The sale will take place during this fourth quarter of 2019.

Phil Ruffin had warned the casino world that he was looking for new acquisitions in Las Vegas. Others follow will this purchase, or will it be enough to quench the thirst of the billionaire and longtime friend of Donald Trump?

Secondly, MGM announced a bigger sale with one of the most famous casinos in the world: the Bellagio. Featured in numerous films and a true Las Vegas icon, the Bellagio was announced for $ 4.25 billion. The buyer is Blackstone Real Estate Income Trust (BREIT), which continuously invests in casinos.

According to the deal, MGM will receive the cash and 5% shares of BREIT. With this operation, MGM sells one of its flagships but is on the verge of recovering a total of $ 5 billion from rebalancing its balance.

Sales related to the casino project in Japan?

Are these sales related to future expenses for his Japanese casino? There is no scenario where a casino firm would spend billions in cash to build a new establishment. His project in Japan – which should cost around $ 10 billion, will be financed largely by loans.

But securing $ 5 billion may allow MGM Resorts to pay off some debt and have a more comfortable mattress for future spending. It can also reassure its co-investors and the Japanese government on the structure’s sustainability and stability.

Las Vegas: The Former City Of Vice Continues To Make Millionaires!

In Las Vegas, a jackpot has once again changed the life of a player. Indeed, a man named Anthony Klosowski hit the jackpot by betting on a Let It Ride Poker table at the Flamingo Bird Bar. The dream has come true for this bettor who is, we imagine, not very customary by the way.

Wisconsin resident celebrates the seven-figure win in Las Vegas.

Gambling in casino games in Las Vegas is the dream of many fans of the genre, whether they live in the United States or elsewhere. But being able to stay in the ancient city of sin and earn money there, that’s another thing! While a player had already won $ 110,000 by playing a few games at Sam’s Town in Las Vegas in August, in September, a completely anonymous player (or almost) has just broken all the records. Indeed, this one has just made a fortune at Poker Let It Ride, a table game far from being the most popular genre.

The lucky winner took advantage of his stay in Las Vegas, Nevada, to go to the Flamingo hotel-casino, an institution located along the Las Vegas Strip. Responding to the name of Anthony Klosowski, the South Milwaukee resident decided to play a few chips on one of the tables at the Flamingo Bird Bar. The least we can say is that his decision was the right one.

One game and $ 1.3 million in prize money later …

Only one. All it takes is one game session for Anthony Klosowski to hit the jackpot. Few players manage to win a seven-figure sum at table games, but he did. The icing on the cake, the player even landed a progressive jackpot, something which is even rarer: he is now the holder of a check for 1.3 million US dollars.

According to the big winner, such a miracle would never have happened if his wife was not present. Indeed, the latter encouraged him to the end and motivated him to continue playing despite his many disappointments since the beginning of the evening, an evening placed under the sign of gambling. Result of the races: an astronomical gain, laughter, and unforgettable memories!

It is worth noting that this gain is the eighth in nine months to exceed one million dollars on a gaming table of an establishment belonging to the Caesars group in Nevada. Are you planning to go to Las Vegas in no time? If so, you now know where to play.