Market News

Blackstone Sells Stake in MGM Grand and Mandalay Bay Properties to VICI

Blackstone (NYSE:BX) is selling its 49.9% stake in MGM Grand Las Vegas and the Mandalay Bay Resort to VICI Properties (NYSE:VICI) in a deal valued at $5.5 billion.

Consequently, VICI will completely own the properties and will assume about $3 billion in debt from Blackstone.  The latter will receive $1.27 billion in cash from VICI.

VICI shares have now climbed nearly 7.6% over the past month.

Read full Disclosure

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More