The deal, announced last month, called for Vici to pay around $1.27 billion in cash to Blackstone and assume Blackstone’s share of the debt on the resorts, both of which are leased to casino chain MGM Resorts International.Īccording to a presentation by Vici, it is assuming 49.9 percent of a $3 billion debt load, or nearly $1.5 billion.
Vici, which already owned a 50.1 percent stake in MGM Grand and Mandalay Bay, announced Monday that it closed its acquisition of the remaining 49.9 percent from financial conglomerate Blackstone. Baskow/Las Vegas Review-Journal) landlord Vici Properties completed its buyout of MGM Grand and Mandalay Bay’s real estate, further cementing its ownership of huge resorts along Las Vegas Boulevard. The pool area about the Mandalay Bay and Delano with Las Vegas Las Vegas Strip to the north during an aerial photo taken on Wednesday, Oct.