Blackstone’s real estate business was founded in 1991 and has approximately $319 billion in investor capital under management. Its partner to the latest agreement, BREIT, is a real estate investment platform externally managed by a subsidiary of Blackstone, a global leader in real estate investing. VICI Propertiesis a real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality, and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand, and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities in the Las Vegas Strip. Betting on sports futures, props and lay betsĬasino News, Latest Casino and Gambling News, U.S.A., Las Vegas, New Hotels, North America Casino News, Gaming Industry News, Economy/Finance, The Players Lounge, Online Gambling News, Mergers, Acquisitions & Partnerships, Labor Relations, Financial Press Releases, Nevadaīlackstone Real Estate Income Trust, Inc., or BREIT, and VICI Properties Inc, currently the owner of a 50.1% interest in the joint venture that owns MGM Grand Las Vegas and Mandalay Bay Resort, announced today that they have entered the agreement allowing VICI to acquire BREIT’s 49.9% interest in the joint venture.
