Vici currently holds a 50.1% majority interest in the venture and will purchase the 49.9% stake from JV partner Blackstone Real Estate Income Trust (BREIT) for approximately $1.27bn in cash.

To read the full article, visit iGB North America

Original article: https://igamingbusiness.com/strategy/ma/vici-to-acquire-remaining-stake-in-mgm-grand-and-mandalay-bay-jv-for-1-27bn-2/

LEAVE A REPLY

Please enter your comment!
Please enter your name here