Blackstone may have plans to sell its stake in the real estate of the Bellagio casino and hotel in Las Vegas. Bloomberg News first reported on the rumors on Monday, citing unnamed people familiar with the matter.
But the firm has not committed to a sale.
Blackstone bought Bellagio from MGM Resorts International for $4.25 billion in 2019. The potential sale would follow Blackstone’s billion-dollar industrial deal with Prologis.
Blackstone has been cashing out on its properties in Las Vegas.
In 2021, Blackstone agreed to sell the Cosmopolitan casino and hotel on the Las Vegas Strip for $5.65 billion. And in 2022, the firm agreed to sell its 49.9 percent interest in the MGM Grand Las Vegas and the Mandalay Bay Resort to VICI Properties.
