Casino giant MGM Resorts selling land to New York-based firm

A New York-based real estate investment firm will emerge as the largest landholder on the Las Vegas Strip under a $17.2 billion property deal between landholding affiliates of casino giants Caesars Entertainment and MGM Resorts International

LAS VEGAS -- A New York-based real estate investment firm will emerge as the largest landholder on the Las Vegas Strip under a $17.2 billion property deal between landholding affiliates of casino giants Caesars Entertainment and MGM Resorts International. Combined, VICI Properties Inc. will end up with properties in 15 states. MGM Resorts property names will stay the same and gamblers, diners, shoppers and show-goers shouldn’t notice any difference, company spokesman Brian Ahern said Thursday. “Nothing is changing in terms of operations or branding,” he said.