Las Vegas Online Casino Slots
- Las Vegas Casino Slot Game
- Las Vegas Online Casino Free Slots
- Las Vegas Usa Online Casino
- Free Las Vegas Online Casino
Two more assets sold
MGM Resorts International has closed a sale-leaseback arrangement with Blackstone Group for a pair of Las Vegas hotels. The two parties initially agreed on details of the deal in July this year.
Play your favorite casino games from anywhere you want for FREE! Mychoice® casino is the best new social casino with all your favorite slots and table games available online. Link your mychoice account and watch your rewards grow as you play! There's never been a better time to get started. The Best Free Vegas Slots to Master the Game. The slots of Vegas are quite possibly the most famous slots around the world. Everyone who visits Las Vegas takes a moment to stop by one of the many luxurious casinos in order to experience the adrenaline rush of. This is only 10% of the slot machine games offered at Las Vegas USA Casino online. Visitors to the site will also find progressive jackpots, many more random progressives, a few more Win-Win slots games, and even a handful of “243 Ways” and “1024 Ways” slot machines.
In a Tuesday statement, the casino operator confirmed that it had purchased Infinity World’s 50% interest in CityCenter Holdings. The $2.13bn deal gave MGM full ownership of the Aria Resort & Casino and Vdara Hotel & Spa. They both sit on the 76-acre urban complex on the Las Vegas Strip.
MGM will pay $245m per year to rent the real estate
After completing this purchase, MGM sold the real estate of Aria and Vdara to private equity firm Blackstone for $3.89bn. The gambling firm will lease the hotels as part of the agreement, continuing to manage and operate the properties. MGM will pay $245m per year to rent the real estate.
Las Vegas Casino Slot Game
Bill Hornbuckle, the company’s CEO and president, commented on the deal in July. He said: “This transaction demonstrates the unprecedented premium value of our real estate assets and is testament to Aria and Vdara’s status as premier destinations on the Las Vegas Strip.”
MGM backs lease agreements
The Aria and Vdara agreement follows a string of similar sale and lease deals as MGM pursues a strategy described by Hornbuckle as “asset-light.” Speaking in July this year, the chief executive said selling the properties would allow the operator to enhance its “financial flexibility and secure new growth opportunities.”
A similar major deal in 2019 saw MGM sell the Bellagio’s real estate to Blackstone for $4.2bn. The operator now pays $245m per year to rent the land. Around the same time, Treasure Island owner Phil Ruffin purchased MGM’s Circus Circus Las Vegas for a total of $825m. Ruffin’s business now operates the 3,900-room hotel-casino.
In another lease agreement announced this week, MGM agreed to take over the operations of The Cosmopolitan casino resort in Las Vegas. The firm secured the deal after Blackstone sold the property for $5.65bn to three new owners. MGM will pay $1.63bn in cash to lease the real estate for 30 years, agreeing to an annual rent of $200m. This cost will increase by 2% annually for the first 15 years.
An eye on global expansion
There is another reason for MGM’s recent asset-light approach. The company has revealed a shifting focus towards online gaming, unveiling plans to expand in markets across the world.
aim of becoming the most trusted and best-known brand in the gaming space
Halkyard outlined the company’s new strategy during a Bank of America Securities 2021 Gaming and Lodging Conference earlier this month. He said MGM will expand its operations with the aim of becoming the most trusted and best-known brand in gaming.
Noting the lack of opportunity for investment in casino resorts outside of the US, Macau, and Japan, Halkyard said the company will look to grow its online BetMGM brand internationally. This will include the implementation of an omnichannel strategy offering global customers the chance to join MGM’s M Life Rewards program.
Las Vegas Online Casino Free Slots
Mobile Slots - Apple, Android & Tablets
Despite the fact that mobile (phones and tablets) are so popular, most web-based slots have traditionally been designed to be played only on desktop or laptop computers, rather than mobile.
The good news is that things are starting to change - at last, a lot of the best games have been converted to work on mobile devices.
So, you can now play slots on mobile phones (Samsung, Apple, HTC, Nokia and all the other major makes of mobile), android phones and all the new tablets including iPad. To find out more and choose a casino to play, please see our mobile phone slots section...
Online Slots
Las Vegas Usa Online Casino
There was a lot of excitement at this year's big G2E gaming show in Las Vegas, with all of the big slots producers showing off their new games.
We take a look at some of the new games that have been released in Las Vegas over the last year and also, reveal some of the excellent new games that are due to be released soon.
Free Las Vegas Online Casino
Highlights include a 3 reel Willy Wonka slot, a really cool ZZ Top, a game with the Rolling Stones and also some amazing new Storm Queen slots. See Our New Slots Section...