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BankrollMob Forum » News » MGM Resorts Sells Circus Circus & Bellagio on Las Vegas Strip

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oct
17

MGM Resorts Sells Circus Circus & Bellagio on Las Vegas Strip

Tags: Bellagio, Circus Circus, Jim Murren, Las Vegas, MGM Resorts
Posted on 17 October 2019 by "T".
MGM Resorts sells Circus Circus for $825 million and the Bellagio for $4.25 billion as it makes its move into the legal sports betting market and also to expand into Japan. The global casino giant announced on Tuesday they are selling the Circus Circus hotel-casino for $825 million to Phil Ruffin, owner of Treasure Island in Las Vegas. MGM Resorts International will also sell the Bellagio for [...]   Read more » MGM Resorts Sells Circus Circus & Bellagio on Las Vegas Strip

  17-Oct-19, 11:24   #1
MGM Resorts Sells Circus Circus & Bellagio on Las Vegas Strip 0 
dule-vu 

Joined: May '09
Location: Croatia
Age: 34 (M)
Posts: 8119
when you see numbers that somebody can spend on some casino,you can imagine how much they will earn after that and what profit will make!probably this can only be sold by this prices in america,especially in las vegas!to see that bellagio worth 4,25 billion,for me is just insane,no matter that we know how popular is he!

     
  17-Oct-19, 11:37   #2
  0 
Nightkid 
Joined: Apr '17
Location: Argentina
Age: 32 (M)
Posts: 507
good to see such a sum of money makes me go crazy hahaha but good if they see benefit in selling it and investing that money is fine I think, I also see that they plan to expand and go to Japan so I see that there will also have good profits if they decide to put something there so lucky with it Cool Cool Cool

     
  17-Oct-19, 17:59   #3
  0 
shokaku 

Joined: May '08
Location: Germany
Age: 54 (M)
Posts: 6692
"Industry leader in sports betting in the US" Didn't we just had a merger in the online industry, that aimed at exactly the same thing? Someone will end up a bit disapointed when the betting market in the US will be carved up between the competing companies.

     
  18-Oct-19, 11:29   #4
  0 
CALICUL 
Joined: Jan '14
Location: Romania
Age: 40 (M)
Posts: 4765
It is a very ambitious and courageous decision, but i do not know if in Japan, they will have profits like in America. Something happened here or maybe the owner just wants to move to another part of the world. 5 billion and a little is a very good price for what they sold.

     
  18-Oct-19, 11:55   #5
  0 
dule-vu 

Joined: May '09
Location: Croatia
Age: 34 (M)
Posts: 8119
Didnt know that circu circus is that old,41 years!when you have brand like that for so many years,that must have good price!bellagio is maybe most famous and thats why he have big price!who know what are reasons for this sale!

     
  18-Oct-19, 12:34   #6
  0 
levi9812 
Joined: Sep '19
Location: Netherlands
Age: 22 (M)
Posts: 22
wow what a deal! :0 but i guess it is worth it, becuase the online gambling industrie is thriving right now. linvest in a gamble compagny is a save bet, some might say Blink circus is a well estabelisted brand in belgium etc.. they also got a online casino site, where you can get a nice no deposit bonus. the only dissapointing thing is that if you where a little bit to late on the verification, they will block you instantly!

     
  18-Oct-19, 21:31   #7
  0 
bowie1984 

Joined: Apr '12
Location: Hungary
Age: 35 (M)
Posts: 6876
Posted by shokaku:
"Industry leader in sports betting in the US" Didn't we just had a merger in the online industry, that aimed at exactly the same thing? Someone will end up a bit disapointed when the betting market in the US will be carved up between the competing companies.

Gambling just going mainstream with legislations in almost every individual state to legalize it at some form (besides to native american casinos everywhere), sportsbetting will have a huge boom in the US for the next decade.
There will be a lot of different industry leaders coming out of that soon.

     
  19-Oct-19, 18:33   #8
  0 
likesithere 
Joined: Nov '16
Location: United Kingdom
Age: 69 (M)
Posts: 3
do you think they will knock down C.C. and rebuild as it looks and feels tired also all the rooms smell of smoke even the non smoking ones. then it can become one of the better places to arrive at.

     
  19-Oct-19, 21:04   #9
  0 
CALICUL 
Joined: Jan '14
Location: Romania
Age: 40 (M)
Posts: 4765
I read right here about Las Vegas casinos that will be renovated and of course, they have money for this. You can't let the smell of cigarettes to persist and the old-fashioned decor to remain unchanged. It's good when you renovate and it's good for everyone. In this business, the design is pretty important and the new owner will earn nice money in future.

     
  19-Oct-19, 21:30   #10
  0 
bowie1984 

Joined: Apr '12
Location: Hungary
Age: 35 (M)
Posts: 6876
Posted by likesithere:
do you think they will knock down C.C. and rebuild as it looks and feels tired also all the rooms smell of smoke even the non smoking ones. then it can become one of the better places to arrive at.

They don't have to knock down a building just to make sure you can't smell cigarettes anymore, but the Strip is in complete rebuilding every other decade so who knows.
Bellagio is too iconic just to knock it down anyway.

     
  20-Oct-19, 08:51   #11
  0 
dule-vu 

Joined: May '09
Location: Croatia
Age: 34 (M)
Posts: 8119
yeah,it will be strange that they will do everything just because of smell of cigarettes (if they even smell on that) and to build everything from start!they buy name and they can just make something better,not to destroy and completely change look of casino,especially outside!

     
  20-Oct-19, 11:17   #12
  0 
Mober 
Joined: Mar '09
Location: Greece
Age: 42 (F)
Posts: 13949
Always big games within the casino industry. Especially when it comes to
casinos and resorts of this magnitude.
And of course the bellagio is world known, so the sell out price would have been
astronomical either way Smile
With such resorts, it wont take them too long to get their investment back.

     
  22-Oct-19, 08:26   #13
  0 
CALICUL 
Joined: Jan '14
Location: Romania
Age: 40 (M)
Posts: 4765
I think it's very sad to sell a casino that has made history and is known all over the world. A lot of celebrities were here, professional players, winners, gamblers and curious people who visiting. It is interesting who will buy this Casino and how he will develop the new strategies.

     
  22-Oct-19, 12:25   #14
  0 
dule-vu 

Joined: May '09
Location: Croatia
Age: 34 (M)
Posts: 8119
Would be nice to go just one time in las vegas and to see this great casino resorts!but till they have visa for USA and I need to lose whole day and to go in capital town on interview,I will not go there!but to come justa for one day in las vegas will be something special!

     
  22-Oct-19, 12:34   #15
  0 
Nightkid 
Joined: Apr '17
Location: Argentina
Age: 32 (M)
Posts: 507
and well if it is true that going only 1 day there would not be much fun, but I think that the experience of being able to go and enjoy it is not taken away by anyone hahaha I would like to go one day but if you need money and also for a while that if you are single because if you have a wife and you are going to want to kill lol Tongue Tongue Tongue

     
  22-Oct-19, 12:39   #16
  0 
dule-vu 

Joined: May '09
Location: Croatia
Age: 34 (M)
Posts: 8119
For one day you still have time to enjoy,to drink,to gamble,you can visit lot of thing and to go home!ofcourse for this kind of city,seven days isnt enough,but who wouldn except just one day in las vegas!its not about money,its about their rules about visa!

     
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