Deals
MGM Considers Sale and Leaseback of Top Resorts Like Bellagio
- Casino company is working with an adviser to solicit interest
- MGM formed a committee in January to mull real estate options
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MGM Resorts International, the largest operator of casinos in Las Vegas, is exploring the sale and leaseback of iconic properties such as Bellagio, according to people with knowledge of the matter.
The company is working with an adviser to solicit interest from potential buyers for the marquee casinos Bellagio and MGM Grand, said some of the people, who asked not to be identified because the deliberations are private. MGM is open to the sale and leaseback of properties either on their own or bundled together.