Blackstone Considers Sale of Las Vegas Icon the Bellagio
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Blackstone Considers Sale of Las Vegas Icon the Bellagio

Investment firm willing to sell 50% of interest

by - Tuesday, June 27th, 2023 8:39
Bellagio Las Vegas

According to reports, Blackstone Inc. is considering offers for half of its interest in the real estate of the Bellagio hotel in Las Vegas.

The property last changed ownership four years ago in a deal worth a reported $4.25 billion. However, while the reports suggest that the New York investment firm is considering offers, it has not committed to a sale although it is believed that any sale will be a partial sale only.

Blackstone Considers Sale of Las Vegas Icon the Bellagio Blackstone Considers Sale of Las Vegas Icon the Bellagio Blackstone Considers Sale of Las Vegas Icon the Bellagio

Blackstone is also the current majority owner of Australian-based Crown Resorts, which is under severe scrutiny from local regulators and has been fined AU$250 million (€156.7 million) to date with another  financial penalty of AU$450 million (€274.95 million) agreed with the Australian Transaction Reports and Analysis Centre (AUSTRAC).

Jenny Tang

An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.

Blackstone Considers Sale of Las Vegas Icon the Bellagio