Travel

MGM Resorts to Sell Las Vegas Strip Properties MGM Grand, Mandalay Bay

Bridget Bennett  / Bloomberg

MGM Resorts International has agreed to sell the Mandalay Bay casino resort along with the MGM Grand, both in Las Vegas, to a joint venture including Blackstone. Bridget Bennett / Bloomberg

Skift Take: MGM Resorts has agreed to sell two of its most notable Las Vegas properties, MGM Grand and Mandalay Bay, to a joint venture including real estate giant Blackstone. The company is going asset light following its sale of the Bellagio last year.

— Nancy Trejos

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