Bellagio sold to Blackstone

Circus Circus, and 47 adjacent acres, goes to Ruffin for $825 million.  Bellagio goes to Blackstone (private equity company) for $4.25 billion.  MGM will rent the Bellagio for $250,000,000 per year ($685,000 per day), and will likely operate the business usual................squeezing every penny from every customer.

 

I suspect that Ruffin will pump money into Circus Circus.

Rip off "resort fees" will surely go up at the Bellagio. 

Resort fees are optional for players at the TI

Already a LVA subscriber?
To continue reading, choose an option below:
Diamond Membership
$3 per month
Unlimited access to LVA website
Exclusive subscriber-only content
Limited Member Rewards Online
Join Now
or
Platinum Membership
$50 per year
Unlimited access to LVA website
Exclusive subscriber-only content
Exclusive Member Rewards Book
Join Now