Describes the consolidation of the Las Vegas Strip by MGM Resorts
and Caesars Entertainment, who collectively own and/or operate more than
half of the hotel-casinos
The ownership and management of the hotel-casinos has been
separated
A REIT, VICI Properties was spun out of Caesars Entertainment in
2017. In 2022, VICI bought MGM Growth Properties which was spun MGM
Resorts International in 2015
Why did I add this?
Interesting to see the consolidation of the Vegas Strip and the
separation of ownership and management of casinos
Reminded me of The Caesars Palace Coup by Max Frumes and Sujeet
Indap recommended by Jay
Vasantharajah