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Blackstone fielding offers for part of Bellagio stake, Bloomberg reports

Blackstone (BX) is weighing offers for half of its interest in the real estate of the Bellagio hotel in Las Vegas, though it hasn’t committed to a sale, Bloomberg’s Christopher Palmeri and Kamaron Leach report. Blackstone acquired the property nearly four years ago for $4.25B, the report notes, adding that Bellagio is operated under a long-term lease by MGM Resorts (MGM).

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