***The concept of hotel ownership is undergoing a sea change in Las Vegas, whereas larger real estate ownership corporations are purchasing the underlying real estate assets (building and land) of the major casinos, but the operations of the casino/resort hotel are being retained by the casino operator companies, or by their licensees.***įor example: As of August 2021, VICI Properties has purchased or acquired the assets of MGM Resorts and MGM Growth Properties, LLC for approximately $17.2 Billion. (as of OctoEdited by Mark Sedenquist) All photos by Megan Edwards unless identified with a credit. Corporate Hotel Groups: A Guide to Who Owns What in and around Las Vegas
