Home Business Huge Las Vegas Strip Casino Deal Falls Through

Huge Las Vegas Strip Casino Deal Falls Through

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Real estate on the Las Vegas Strip has become incredibly valuable. Pieces of land are sold for tens of millions of dollars, and any plot large enough to house a casino is going for much more than that.

Real casinos sell for billions of dollars. MGM Resorts International MGM sold Mirage to Hard Rock International for $1 billion and paid $1.625 billion to buy Cosmopolitan. A much older property, Tropicana only sold for $148 million, but that property will likely have to be imploded and rebuilt (which will cost billions).

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