“Mandalay Bay, MGM Grand sold to Blackstone in $4.6B deal - Las Vegas Review-Journal” plus 2 more

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“Mandalay Bay, MGM Grand sold to Blackstone in $4.6B deal - Las Vegas Review-Journal” plus 2 moreMandalay Bay, MGM Grand sold to Blackstone in $4.6B deal - Las Vegas Review-Journal6 killed, 13 injured in Las Vegas apartment building fire - The Associated PressMGM Resorts Decides To Sell Mandalay Bay & MGM Grand Properties - casinowebsitesNewsMandalay Bay, MGM Grand sold to Blackstone in $4.6B deal - Las Vegas Review-JournalPosted: 14 Jan 2020 06:40 AM PSTMGM Grand and Mandalay Bay are getting a new landlord in a $4.6 billion deal, just a few months after the Bellagio sold for billions.New York financial giant The Blackstone Group, the Bellagio's new landlord, announced Tuesday it agreed to form a joint venture to acquire the additional MGM Resorts International properties on the Strip. The deal is expected to close this quarter.MGM's real estate investment trust, MGM Growth Properties, will own 50.1 percent of the joint venture and said the deal values the resorts at $4.6 …

“Pansy Ho Cashes Out On MGM Resorts International Shares - BestUSCasinos.org” plus 1 more

“Pansy Ho Cashes Out On MGM Resorts International Shares - BestUSCasinos.org” plus 1 more


Pansy Ho Cashes Out On MGM Resorts International Shares - BestUSCasinos.org

Posted: 17 Dec 2019 04:49 PM PST

Very few individuals in the gambling industry hold as much power as Pansy Ho. The daughter of Stanley Ho now controls several major gambling companies and is worth an estimated $5.4 billion. This week, the casino mogul continued to sell stock in MGM Resorts International. Pansy Ho Picture

Ho has been selling stock in the company for weeks now. Today, we're going to explain exactly why this is.

It's All About Timing For Pansy Ho

As we've already mentioned, Pansy Ho remains one of the most powerful individuals in the gaming industry. She's the managing director of several major companies including Shun Tak Holdings and Sociedade de Turismo e Diversoes de Macau. Ho holds stock in several major US casino companies and is one of the faces of Macau's gambling industry.

Over the past few weeks, Ho has begun selling stock in MGM Resorts International. It began in late November when she sold 4.5 million shares for an astounding $140.2 million. This reduced her hold in the company from 3.13% to 2.26%.

It appears Ho wants even more money from the major US casino operator. This week, she sold an additional $78.9 million worth of stock in the company. Most analysts credit good timing for these recent sales.

At the moment, MGM Resorts International's stock prices are surging. The company has been involved in several major Las Vegas hotel sales and is experiencing record revenue earnings.

Pansy Ho remains a majority shareholder in the company. With a few hundred million now in her bank account, it's likely she'll reinvest the money back into the gaming market.

MGM Resorts International May Continue Selling Property

MGM Resorts International remains one of the most powerful gambling companies in the world. It owns several of the biggest and most lucrative properties in Las Vegas. As we've already mentioned, the company has recently begun selling some of its venues on the Las Vegas Strip.

Both Circus Circus and The Bellagio have been sold. According to several reports, more of these property sales are likely to take place in the future.

Last year, Japan officially legalized casino gambling. The government has agreed to allow three casino-resorts to open in the country. Just about every major casino operator around the world is now attempting to break into this market.

This includes MGM Resorts International. It's been working extremely hard to develop a presence in Japan. This includes sponsoring an MLB opening game that took place in Tokyo. MGM claims that it's interested in opening a casino-resort in Osaka or Japan.

In order to pay for a casino-resort in this country, MGM is choosing to sell some of its biggest properties. Interestingly, MGM continues to control The Bellagio. It's leasing the hotel-casino back from the Blackstone Group for $245 million per year.

Despite Backlash, Pansy Ho Continues to Support Beijing

For months, Hong Kong has been the site of massive protests. Hundreds of thousands of individuals here have been pushing against the government for its new laws towards Mainland China. There is now a serious dispute with those backing Hong Kong's sovereignty and those described as "pro-Beijing."

Pansy Ho is one of Hong Kong's richest individuals. With that in mind, it's not a huge surprise to see her support Beijing in the ongoing dispute. She recently spoke about the situation during a UN Human Rights Council.

"By speaking out here at the council, I am aggressively chastised by these self-proclaimed freedom fighters who hide behind face masks and anonymous accounts online," Ho said. "Vicious threats and provocative remarks have been used to incite harassment and defame me, my family and my businesses in an attempt to silence me in presenting a different perspective of the truth." 

Ho also claims that many of the younger individuals in Hong Kong are being "indoctrinated" with "police hatred."

Pansy Ho has several major connections with Mainland China. Historically speaking, it doesn't turn out well for powerful individuals in her position to take any kind of negative stance against the Mainland government.

We'll need to wait and see whether or not Ho continues to sell stock in MGM Resorts International. Make sure to stay tuned for more updates over the next few weeks!

Most of Las Vegas Strip Casino Resorts are Currently Advertising Extensively Reduced Rates on their Hotel Rooms for Bookings Made Today - OnlineCasino.us

Posted: 08 Dec 2019 12:00 AM PST

Cyber Monday is giving a smorgasbord of internet deals for the second time that encompasses deep discounts on Las Vegas casino hotel rooms, shows, and dining. While Black Friday and Cyber Monday are continuing to morph together, online booking discounts are being obtained at several Las Vegas Strip casino resorts. Las Vegas deals can now be found right from your living room.

Many Strip casino resorts for example, MGM Resorts are advertising extensively reduced rates on their hotel rooms for bookings made today.

According to casino.org, Bellagio, Aria, Vdara, MGM Grand, Mandalay Bay, Delano, Park MGM, NoMad, Mirage, New York-New York, Luxor, and Excalibur rooms are all currently being offered at 30 percent off while rooms at Circus Circus are even more discounted at 49 percent.

MGM is discounting rooms by 20 percent at Beau Rivage and Gold Strike (Mississippi), MGM Grand Detroit, MGM National Harbor (Maryland), and MGM Springfield (Massachusetts). A classic king at the Borgata is $69 Sun-Thurs, and king suite $99. Caesars Entertainment is offering up to 40 percent off nightly rates for its 10 properties in Las Vegas. Sahara is discounting rooms by 25 percent, Station Casinos 40 percent, and Venetian and Palazzo 33 percent. Golden Nugget is offering resort fee-free bookings for reservations through January 2, 2021.

Right from September 6 to December 8 the Cosmopolitan is selling $79 a 28 percent discount Reserve A tickets. Blue Man Group shows at $99 for shows between December 1-22, and January 5 through June 30, 2020. Absinthe at Caesars Palace is offering $20 off any ticket, and the Atomic Saloon at The Venetian is offering $48 off each ticket with no added fees. Lastly, the Cirque du Soleil is selling tickets 50 percent off for shows through April 2020.

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