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VICI / Blackstone selling MGM Grand and Mandalay Bay hotel stake to Vici: WSJ

Blackstone selling MGM Grand and Mandalay Bay hotel stake to Vici: WSJ
Blackstone Inc. BX, +3.76% is selling a 49.9% stake in MGM Grand Las Vegas and the Mandalay Bay in a $5.5 billion deal with Vici Properties Inc. VICI, +1.57% , the majority owner of the two hotels, the Wall Street Journal reported Thursday. Citing people familiar with the deal, the newspaper reported that Blackstone plans to receive $1.27 billion in cash and Vici would assume $3 billion of debt for the two hotels. Read More
Posted: Dec 1 2022, 07:49
Author Name: Market Watch
Views: 102510

VICI News  

Beat the Dow Jones With This Cash-Gushing Dividend Stock

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Beat the Dow Jones With This Cash-Gushing Dividend Stock

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By Zacks Investment Research
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By Seeking Alpha
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By Zacks Investment Research
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After Plunging -7.47% in 4 Weeks, Here's Why the Trend Might Reverse for VICI Properties Inc. (VICI)

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By Zacks Investment Research
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Is a Beat in Store for VICI Properties (VICI) in Q3 Earnings?

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By Seeking Alpha
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VICI Properties: Our Top Value Stock For October

VICI Properties is a growth company trading at a value stock multiple. It has superior organic revenue growth, reduced operating frictions, and flexib more_horizontal

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By Seeking Alpha
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VICI Properties: I Pity Anyone Not Buying This REIT (Rating Upgrade)

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By Zacks Investment Research
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Down -7.55% in 4 Weeks, Here's Why You Should You Buy the Dip in VICI Properties Inc. (VICI)

The heavy selling pressure might have exhausted for VICI Properties Inc. (VICI) as it is technically in oversold territory now. In addition to this te more_horizontal


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