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...It also sold billions in property assets, such as hotels, self-storage operators and an interest in the Bellagio, a Las Vegas casino....
...Kristiansand, says Tangen, is “not Las Vegas. It’s peaceful and relatively religious. A small traditional town.”...
...Vegas....
...Large asset sales late last year, such as Breit’s disposal of a 49 per cent stake in two Las Vegas casinos for $2.8bn, created liquidity to handle surging redemption requests....
...Brightline, owned by Fortress Investment Group, had struck a 20-year deal with the UK-based group in 2018 to rebrand its service in Florida, and a planned route from Las Vegas to southern California, as...
...The surge in redemption requests come as Blackstone announced the sale of its near 50 per cent interest in the MGM Grand Las Vegas and Mandalay Bay Resort casinos in Las Vegas for $1.27bn....
...However, it sold two casinos in Las Vegas and raised $4.5bn in new investment from the University of California endowment....
...On Thursday, Blackstone announced the $1.27bn sale of a minority interest in two Las Vegas casinos owned by Breit, which sources told the Financial Times could be used to support the fund’s liquidity....
...The fund has been expanding into the casino sector since 2019 when it acquired the real estate assets of the Bellagio hotel and casino in Las Vegas from MGM....
...Las Vegas tourism has rebounded strongly this year after grinding to a halt last year during the height of the pandemic....
...The deal is the latest by Blackstone in the casino sector, after the private equity investor agreed in 2019 to acquire the real estate assets of the Bellagio Hotel and Casino in Las Vegas from MGM for $4.25bn...
...On Monday MGM Resorts International announced it was paying $1.6bn to take over operations at the 3,000-room hotel overlooking the Las Vegas Strip....
...Blackstone sold assets worth $21.8bn in the quarter, including the $5.7bn sale of The Cosmopolitan hotel in Las Vegas, a symbol of the reopening....
...‘Global cabin fever’ At Blackstone, lockdown tested the survival prospects of some of its live entertainment assets, which include the Bellagio casino in Las Vegas, the Great Wolf Resorts chain of indoor...
...Virgin Atlantic already flies to Miami and Las Vegas, and Branson’s group was investing in a new Miami-based cruise line and a series of hotels across the US....
...If a deal can be agreed, it would mark a further push by Blackstone into the casino sector following its $4.25bn deal to acquire the Bellagio resort in Las Vegas from MGM Resorts International in October...
...Over in the US, Japanese bikes have been drawing the strongest buyer interest of any genre at the huge Mecum Las Vegas Motorcycle Auction; last year, average prices increased to $7,000, up 17 per cent since...
...The company had already invested heavily in Las Vegas, in October leading a $4.25bn deal to acquire real estate assets of the Bellagio Hotel and Casino....
...This afforded Blackstone enormous flexibility on the timing of any eventual sale of the Las Vegas landmark....
...Tech tools — LG gram 17 LG's 17in gram laptop is finally in stores (Currys, £1,549) in the UK after being unveiled at CES in Las Vegas in January....
...down by double-digits this year amid investor concerns that revenues from Las Vegas were looking weak....
...Shares in Caesars Entertainment jumped more than 14 per cent on Wednesday after Tilman Fertitta, owner of the Golden Nugget casino chain, had proposed a combination with the Las Vegas company behind Caesars...
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