Who just bought MGM casino?

VICI Properties has completed a $1.27bn deal to acquire the remaining 49.9% stock in the joint venture that owns MGM Grand Las Vegas and Mandalay Bay Resort.



In a significant 2026 move, the Toronto-based private equity firm Clairvest Group Inc. is finalizing the acquisition of the operations of MGM Northfield Park (a prominent "racino" in Ohio) for $546 million in cash. While MGM Resorts International continues to own and operate its flagship properties on the Las Vegas Strip, this divestiture represents a strategic refocusing on international markets (like Japan) and digital growth. The deal, which involves a new lease agreement with the real estate owner VICI Properties, is expected to close in the first half of 2026. Clairvest is an experienced player in the gaming sector, with interests in dozens of assets globally. For regular patrons of Northfield Park, the transition is expected to be high-fidelity and seamless, as the venue continues to offer its mix of 1,600+ video lottery terminals and live harness racing. This sale underscores a broader trend in the industry where major operators are "de-leveraging" regional assets to fund multi-billion dollar "Integrated Resort" projects in emerging markets.

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Vici recently completed the $17.2 billion acquisition of MGM Growth Properties making it by far the largest landlord on the Strip. The deal, which followed Vici's recent acquisition of the Venetian, makes the company the owner of the majority of the casinos on the Las Vegas Strip.

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Why is Luxor closing? While no official announcement has been made, a decision to bring down Luxor during a period of weak demand due to the COVID-19 crisis could make sense for the resort's owner, MGM Resorts. The company has long felt its hands are tied by the distinctive, but limiting, Egyptian theme.

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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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The ruthless war between the world's leading video-on-demand companies reached a climax when the Amazon acquired the legendary Hollywood studio MGM (Metro Goldwyn Mayer) in a deal worth US$8.45 billion.

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Since 2020, the largest hotel in the world is the First World Hotel in Malaysia with 7,351 rooms divided between two buildings. The largest single hotel building is MGM Grand Las Vegas, with 5,124 rooms in one building.

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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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