Las Vegas casinos closed, replaced by alternatives

Land has become incredibly valuable, not just on the Las Vegas Strip, but in Las Vegas. Yes, buildable properties on the Strip itself sell for exorbitant prices, but those downtown and adjacent to the Strip are rising in value as well.

This requires resort/casino operators to take a deep look at how every property in their portfolio works and how it fits in with their overall goals. At least for some reason. (MGM) We sold Mirage and acquired Cosmopolitan. The location and time of the new acquisition makes more sense for the company compared to what it sells.


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