Bellagio sold to Blackstone in $4.2B leaseback deal – Video
 
Bellagio sold to Blackstone in $4.2B leaseback deal – Video

MGM Resorts International is selling the Bellagio property and leasing it back. This move gives the casino operator a cash infusion of more than $4 billion.MGM announced Tuesday that it reached a deal with New York financial giant The Blackstone Group.