How much did MGM sell Bellagio for?

And the Bellagio's value shows the strength of Las Vegas' recovery. Blackstone — through its REIT Blackstone Real Estate Income Trust (BREIT) — spent $4.25 billion to buy the Bellagio from MGM Resorts in 2019, and its latest deal with Realty Income values the 4,000-room hotel at $5.1 billion.



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Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate.

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Another available example, the Las Vegas Bellagio, has a daily revenue of $1.27 million. It is worth noting that these are peak figures among casinos, less popular casinos have revenues that are in the thousands of dollars rather than millions.

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The sale of the oddly-specific 22% of Bellagio means the resort is valued at $5.1 billion. Blackstone acquired Bellagio for $4.25 billion. Blackstone used to be a bigger player in Las Vegas, but Vici Properties (another REIT) is the real whale, or as we've described it, “the Strip's landlord.”

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Institutional Ownership and Shareholders These institutions hold a total of 275,691,122 shares. Largest shareholders include Vanguard Group Inc, BlackRock Inc., T. Rowe Price Investment Management, Inc., State Street Corp, Davis Selected Advisers, RPMGX - T.

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The Bellagio Buffet had previously reopened for brunch in July 2021. The Buffet will be open for dinner Wednesday – Sunday from 5 p.m. – 9 p.m. For pricing and more information, visit Bellagio online. Prices for the Buffet range from $66 to $79.99 plus tax depending on the day. Copyright 2023 Nexstar Media Inc.

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Caesars Palace is now owned by Vici Properties and operated by Caesars Entertainment.

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