2 ms·

Over the years, MGM has bought up hotel-casinos on the Strip, and now they own most of ‘em. If you’re staying on the Strip, odds are it’s an MGM hotel.

• borski 3y ago
  Or Caesar's.
• squeaky-clean 3y ago
  If it's not MGM it's Caesar's. And both MGM and Caesar's are owned by VICI Properties.
  • reducesuffering 3y ago
    https://en.wikipedia.org/wiki/Vici_Properties#Properties https://en.wikipedia.org/wiki/Vici_Properties#Properties Insane. Who is competing with them on the Las Vegas Strip? Just Blackstone with Bellagio, Cosmo, and Aria? Those investors have the power to have practically all properties on the strip not compete with each other.
    • andy800 3y ago
      MGM operates all 3 of those
    • sjm-lbm 3y ago
      Wynn is still independent (I think). That's the only one I can think of, though.
  • andy800 3y ago
    The companies themselves are not owned by VICI, the land and properties are, and Caesars and MGM (and other casino operators) pay VICI rent.
    • lotsofpulp 3y ago
      The margins are amazing: https://www.macrotrends.net/stocks/charts/VICI/vici-properties/profit-margins https://www.macrotrends.net/stocks/charts/VICI/vici-properti... https://www.macrotrends.net/stocks/charts/VICI/vici-properties/net-income https://www.macrotrends.net/stocks/charts/VICI/vici-properti... https://www.macrotrends.net/stocks/charts/VICI/vici-properties/market-cap https://www.macrotrends.net/stocks/charts/VICI/vici-properti... Wonder if VICI assets are protected from having underfunded pensions of casino employee unions.