MGM selling the MGM Grand and Mandalay Bay

MGM Grand and Mandalay Bay sold

Well-sorta.    Seems more like they are spinning them off into a REIT type of partnership which they will partially own with Blackstone.    2.5 billion dollars.

Will they use that cash for a new property? And if so will it be in Vegas or Maccau?    We shall see.    

Probably just milking the cash cows until they die from lack of staff, updates and maintenance.