\nThe Cosmopolitan was a classic buy it, fix it, and sell it opportunity,” Blackstone real estate executive Ken Caplan stated last year.<\/p>\n<\/blockquote>\n
The Wall Street Journal <\/i>says several real estate experts in Las Vegas believe the property could go for $4 billion or more. The resort’s 3,000-room hotel are often some of the costliest occupancies on the Strip.<\/p>\n
Billionaire Phil Ruffin, who owns Treasure Island and is presently interested in buying Caesars casinos along the Strip, says Las Vegas casinos on the main drag are “irreplaceable.”<\/p>\n
As for possible Cosmopolitan suitors, the WSJ <\/i>identified MGM Resorts, Malaysia’s Genting Group, and Wynn Resorts as potential bidders. Genting has long desired a presence on the Strip, and work on its Resorts World Las Vegas remains under construction six years after the company acquired the land opposite Encore in March 2013.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Blackstone Group, one of the world’s largest private equity firms that has long been invested in the gaming industry, is considering an IPO offering for its Spanish casino giant Cirsa. The New York-based asset management and investment firm acquired Cirsa in April 2018 for an undisclosed sum, but the casino operator’s asking price was […]<\/p>\n","protected":false},"author":25,"featured_media":104890,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,32093],"tags":[],"acf":[],"yoast_head":"\n
Blackstone Planning IPO for Spanish Casino Giant Cirsa<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n