Las vegas casino owners

Las vegas casino owners

{H1}

Who owns which Las Vegas casinos

DateCasino or BusinessSellerBuyerWhatPriceSourceNotes 12/13/23Fontainebleau (opens)

Fontainebleau Development, and Koch Real Estate
(builder & owner)real estate + casino$3.7B (build cost)
NV Independent

(details)  The newest (at the time) ground-up casino on the Vegas Strip.

12/5/23Durango (opens)

Station Casinos
(builder & owner)real estate + casino$780M (build cost)
KLAS

(details)  Station builds a new ground-up casino in west Las Vegas.

Q4 2023 (expected)Bellagio
Blackstone Real Estate Income Trust (BREIT)Realty Income Corp.real estate$950M
PR Newswire

(details)  Blackstone sells part of its interest in Bellagio.  The result will be 73.1% BREIT, 21.9 Realty Income, 5% MGM Resorts.

10/2/23Rio
Caesars Ent.Dreamscapecasino operations
Yogonet

(details)  Caesars had already sold the real estate to Dreamscape back in 2019.  Dreamscape now takes over the casino operations, too.

April 2023Undeveloped land across from Luxor
MGM ResortsThree Affiliated Tribes of Fort Berthold Indian Reservationreal estatenot disclosed
LVRJ, U.S. News

(details)  MGM sold the land that was the site of the 10/1/17 shooting, the deadliest in U.S. history, with 60 killed and over 850 injured.

3/16/23Undeveloped land S. of Fontainebleau
Las Vegas Convention and Visitors AuthorityBrett Torino & Paul Kanavosreal estate$125M
LVRJ

(details)  LVCVA agreed to sell ten acres at the SE corner of S. LVB and Elvis Presley Blvd. to developers.  The deal must close by 9/11.

1/9/23Mandalay Bay + MGM GrandBlackstoneVICIreal estate$1.27B
Seeking Alpha, The Street

(details)  The real estate was jointly owned by VICI (50.1%) and Blackstone (49.9%).  With this deal, VICI is buying out Blackstone's portion.

Dec. 2022Undeveloped land south of the stripStation CasinosHCA Healthcarereal estate$62M
Casino.org

(details)  Station sold 56.6 acres of land across the street from the 126 acres it bought in July 2022.

12/26/22MirageMGM ResortsHard Rock Internationalcasino$1.1B
AP, Hospitality Design, CNN

(details)  Hard Rock Intl. is owned by the Seminole Tribe of Florida, which has no relation to the earlier Hard Rock Casino on Harmon Ave. which closed in 2020. HRI plans to build a guitar-shaped hotel, and will probably get rid of the beloved volcano.  The real estate will continue to be owned by VICI.

9/27/22TropicanaGaming & Leisure (buildings), PENN Ent. (casino)Bally'scasino + buildings (not land)$148M
News3LV

(details)  Bally's bought the "Non-land assets", which means the buildings + casino business.  This is odd because usually one company owns all the real estate (buildings+land), but now one company owns the land (Gaming & Leisure) and another the buildings (Bally's). • The Bally's Corp. which bought Tropicana is no relation to the Bally's Casino a few doors down, which is owned by Caesars.

7/18/22Undeveloped land south of the Strip(not reported)Station Casinosreal estate$172.4MYogonet

(details)  Station bought 126 acres at LVB and Cactus Ave (and sold the land across the street in Dec. 2022)

6/17/22land at SE corner of LVB at HarmonHaim Gabay, et alFertitta Ent. / Tilman Fertittareal estate$240MPechanga

(details)  The new owner plans to build a casino resort.  The area had hosted a Travelodge, the Hawaiian Marketplace, and a parking lot.

5/17/22CosmopolitanBlackstone REPMGM Resortscasino$1.6BTravel Weekly

(details)  See below for real estate sale.  This is the first new strip casino for MGM since opening Aria in 2009.

5/17/22
CosmopolitanBlackstone REPBlackstone REIT, Cherng, Stonepeakreal estate$5.65BBlackstone, News3LV

(details)  See above for casino sale

4/29/22MGM Growth PropertiesMGM Growth Properties
VICIreal estate business
$17.2B
BusinessWire, CNBC

(details)  Caesars Ent. created VICI to buy the real estate of its casinos, and MGM Resorts created MGM Growth Properties to do the same.  With this deal, VICI bought MGM Growth, so MGM's landlord is now an offshoot of its main competitor, Caesars.  This also means that VICI owns most of the real estate on the strip: The Caesars Ent. casinos and MGM Resorts' casinos.  With this sale, VICI acquired the real estate of Excalibur, Luxor, Mandalay Bay, MGM Grand, Mirage, NY NY, and Park MGM.  Note: This sale marks the end of MGM Growth.

2/23/22
Venetian/Palazzo
Las Vegas Sands
Apollo
casino business
$2.25B
Apollo

(details)  See below for the real estate sale.

2/23/22
Venetian/Palazzo, Sands Convention Center
Las Vegas Sands
VICI
real estate
$4B
Apollo

(details)  See above for the casino sale.  Note: This sale is unique in that the sole owner of the casino business + real estate sold each to a different company, and didn't retain ownership of either one itself.  Also, with this sale the seller no longer has any business in Vegas, although the name of the company is literally "Las Vegas Sands".

12/21
Palms
Station / Red Rock
San Manuel Band
casino + real estate
$650M
NV Independent, Travel Weekly

(details)  San Manuel Band of Mission Indians becomes the first owner/operator of a Vegas resort

9/28/21
Aria + Vdara
MGM Resorts
Blackstone
real estate
$3.9B
News 3 LV, Vital Vegas

(details)  MGM first bought out Infinity World's 50% stake (see below), becoming the sole owner, then sold the real estate to Blackstone.

9/28/21
Aria + Vdara
Infinity World
MGM Resorts
real estate
$2.1B
News 3 LV, Vital Vegas

(details)  MGM was already a 50% owner. (see above for related sale).

6/8/21
CityCenter, 2 acres
MGM Resorts
Brett Torino + Flag Luxury
real estate
$80M
LVRJ, Vital Vegas

(details)  SW corner of LVB & Harmon Ave, next to Crystals.  Slated to be four levels of retail, to be called Project 63, and to open in Oct. 2022.

10/13/20
"Bally's" name
Caesars Ent.
Twin River
brand name
$20M
PR Newswire, CDC Gaming, Casino.org

(details)  Twin River owns casinos across the U.S. but none in Vegas (until 5/22/22).  Following the purchase, it changed its name and the names of its casinos to Bally's   The company never owned nor operated the Bally's Casino next to Paris, which Caesars plans to rename to "Horseshoe".

7/20/20
Caesars Entertainment + Eldorado Resorts merge
resort business
$17B
Caesars, Yogonet

(details)  The merger creates the world's largest gambling group, with 60 casinos in 16 states.  Technically Eldorado bought Caesars, but the merged company will be known as Caesars.

7/20/20
23 acres near the Strip
Caesars Ent.
VICI
land
$103.5M
Yogonet, BusinessWire

(details)  The land is near the mid-Strip, on the far side of the monorail.

4/20/20
Tropicana
Penn Natl.
Gaming & Leisure Properties
real estate
$308M
Gaming & Leisure

(details)  Gaming & Leisure is a spinoff of Penn.

12/23/19
Circus Circus
MGM Resorts
Phil Ruffin
casino+real estate
$825M
News 3 LV

(details)  Ruffin also owns Treasure Island.  He's a close friend of Donald Trump.

12/5/19
Rio
Caesars Ent.
Dreamscape
real estate
$516M
press release

(details)  Caesars will continue to own & operate the casino business

8/19
Hooters Casino Hotel
Hooters
OYO
casino+real estate
$135M
LV Sun, Hospitality Net

(details)  OYO is based in India.  The closing date was not reported.  Highgate will manage the hotel, Paragon will continue to manage the casino.

4/19
Lucky Dragon casino hotel
Andrew Fonfa
Ahern
real estate (casino+hotel already closed)
$36M
Casino.org

(details)  Closing date of sale not reported.  Hotel to reopen with a new name, but not casino.

4/5/18
SLS (now Sahara)
Stockbridge
Meruelo Group
casino+real estate
not disclosed
press release

3/30/18
Hard Rock (Paradise/Harmon location)
Virgin
Brookfield Asset Mgmt.
casino+real estate
not disclosed
Gambling Insider, Vital Vegas

(details)  To be renamed Virgin.  No relation to the Hard Rock casino/hotel that's slated to replace the Mirage

12/22/17
Harrah's
Caesars
VICI
real estate
$1.1B
BusinessWire

(details)  Caesars to pay $87M/yr. in rent

10/23/17
Stratosphere, Arizona Charlie's Decator, Arizona Charlie's Boulder
Whitehall Street / American Casino & Ent.
Golden Entertainment
casinos + real estate
$850M
BusinessWire, Vital Vegas

(details)  Golden acquires American Casino company, getting all its casinos

10/6/17
Caesars Palace
Caesars Ent.
VICI
real estate
unknown
press release

(details)  Following MGM Resorts' lead, Caesars Ent. followed suit and started splitting the ownership of real estate from the casino business.  VICI is a spinoff of Caesars Ent., part of CE's emergence from bankruptcy.  VICI starts with a boatload of Caesars propeties, but Caesars Palace is the only one in Vegas for now.

12/20/16
Cannery + Eastside Cannery
Cannery Resorts
Boyd Gaming
casino+real estate
$230M
press release, Casino.org

(details)  Boyd acquires Cannery Resorts, getting all its casinos

10/3/16
Palms
TPG Capital + Leonard Green
Red Rock / Station
casino+real estate
$312.5M
press release, LVRJ

(details)  Palms would be resold in 2021, to the San Manuel Tribe of Indians.

4/25/16
Excalibur, Luxor, Mandalay Bay, MGM Grand, NY NY, Park MGM MGM Resorts
MGM Growth Properties
real estate
$1.1B
press release

(details)  This marks the first instance of a Vegas casino splitting off the real estate ownership from the casino business.

11/15
Golden Gate (remaining 35%)
Mark Brandenburg
Derek & Greg Stevens
casino+real estate
not disclosed
GGB News

(details)  Stevens already owned 65%, and now gets the last 35%

8/25/15
Tropicana
Tropicana
Penn National Gaming
casino+real estate
$360M
Penn 8-K

(details)  Penn National Gaming would later become PENN Entertainment

8/14/15
Las Vegas Club
Tamares Group
Derek & Greg Stevens
real estate
$40M
LV Sun

(details)  The casino closed almost immediately after the sale. The property is to be redeveloped along with neighboring properties into Circa.

5/14
Cosmopolitan
Deutsche Bank
Blackstone
casino+real estate
$1.73B
Forbes

(details)  The German bank had bought the property in 2008.

3/12/14
Legendary casino owner Jackie Gaughan dies at age 93. (details)  Throughout his career, he owned or had interests in Flamingo, Boulder Club, Las Vegas Club, The Western (which he started), Gold Spike, Plaza, Golden Nugget, Royal Inn, Showboat, and El Cortez. (Las Vegas Adviser, Wikipedia)
6/15/10
 MGM Mirage changes its name to MGM Resorts International.
LV Sun

(details)  Original MGM Grand, became MGM Mirage in May 2000 after acquiring Mirage Resorts.

3/20/09
Treasure Island
MGM Resorts
Phil Ruffin
casino+real estate
$755- 775M
Las Vegas Sun

(details)  Ruffin also bought Circus Circus in 2019.  He's a close friend of Donald Trump.

3/10/08
Binion's
MTR Gaming
TLC (Four Queens owner)
casino+real estate
$28-32M
LVRJ

(details)  Harrah's had bought the property from the Binion family in 2004, which sold it days later to MTR.

3/20/08
Golden Gate
Mark Brandenburg
Derek & Greg Stevens
50% of casino+real estate
not disclosed
LVRJ

(details)  The Stevens bros. acquired a 50% stake, Brandenburg retains a 50% stake.

2/3/08
Gold Spike
Greg Covin
Siegel Group (Stephen Siegel + John Tippins)
casino+real estate
$21M
Globe ST, LVRJ

(details)  Gold Spike had a casino until 2013.

Aug. 2007
Gold Spike
Tamares
Gregg Covin
casino+real estate
$15.6M
LVRJ

(details)  I couldn't verify the sale date, but on 2/4/08 LVRJ said the new sale was the second in six mos., which would put the 2007 sale at August.

March 2007
Sahara
Gordon Gaming / Bennett family
SBE + Stockbridgecasino+real estate
$331.8M
LV Sun, NBC, LVRJ

(details)  The new owners planned an extensive remodel but canceled it when the recession hit.

July-Oct 2006
South Coast
(now South Point)
Boyd Gaming
Michael Gaughan casino+real estate
$576.5M
Mohave Valley News

(details)  I couldn't find the sale date.  The linked article announcing the sale agreement was July 25, and paywalled articles say that Gaughan "assumed operations" in October.

9/27/05
Golden Nugget
Poster Financial Group
Landry's (Tilman Fertitta)
casino+real estate
$295M
Business Journal

(details)  Landry's owns Golden Nugget casinos in various cities.

7/1/05
Gold Spike, Las Vegas Club, Plaza, Western
Barrick Gaming
Tamares
casino+real estate
not disclosed
LV Business Press, LV Sun

(details)  Tamares acquires Barrick, which includes all its properties.

6/13/05
Harrah's Entertainment acquires Caesars Entertainment.
$9B
LV Sun

(details)  The deal created the largest gaming company in the world at the time, .  with 40 properties.  Then in 2010, Harrah's changed its name to Caesars Entertainment.

4/25/05
MGM Mirage + Mandalay Resort Group merge.
$7B
NBC

(details)  One company now owns a majority of the hotel rooms on the strip, across nine casinos.

7/1/04

Boyd Gaming + Coast Casinos merge.

$1.3B
Travel Weekly, SEC 8-K
(details)  Coast becomes a subsidiary of Boyd.  Coast has Barbary Coast, Gold Coast, Orleans, and Suncoast.  Boyd has Stardust, Fremont, California, Main St. Station, Sam's Town, Joker's Wild, the Eldorado in Henderson, half of Borgata in Atlantic City, and casinos in the midwest and South.3/25/04
Gold Spike, Las Vegas Club, Plaza, Western
Jackie Gaughan
Barrick Gaming
casino+real estate
$82M
Las Vegas Sun

(details)  Legendary casino owner Gaughan divests of all his properties except his beloved El Cortez.  The sale also includes 35 acres of land and two downtown motels.

July 2003
Four Queens
Elsinore Corp.
TLC / Terry Caudill
casino+real estate
$20.5M
Las Vegas Sun

(details)  Gold Spike had a casino until 2013.

5/30/00
MGM Grand Inc. merges with Mirage Resorts, becoming MGM Mirage
$4.4B
AP

(details)  MGM Mirage would go on to merge with Mandalay Group in 2005.

1999
Circus Circus Enterprises changes its name to Mandalay Resort Group.


(details)  Coincides with its opening of Mandalay Bay.

1995
Circus Circus Enterprises acquires Gold Strike Resorts.
$500M
LA Times

(details)  Hard to believe today, but this deal make Circus Circus the largest casino operator in the U.S., though the acquisition didn't add any casinos in Vegas itself..

1983
Circus Circus
Circus Circus Enterprises
Jay Sarno
real estate

Forbes

(details)  Real estate purchased from the original owner, Sarno.  CCE had formed in 1974 so Sarno could lease the struggling casino to CCE.

1981
Silver City
Circus Circus Enterprises

casino+real estate


1979
Slot-A-Fun
Circus Circus Enterprises

casino+real estate


1974
Circus Circus
Circus Circus Enterprises
Jay Sarno
casino business

Forbes

(details)  Sarno had started the casino in 1968.

Источник: https://easy.vegas/casinos/ownership