Blackstone Is Said to Weigh Offers for Stake in Bellagio Casino in Las Vegas

U.S. investment giant Blackstone Inc (BX.N) is fielding offers for half of its interest in the real estate of the Bellagio hotel in Las Vegas, Bloomberg News reported on Monday.

The investment firm is considering its options and has not committed to a sale, the report said, citing people familiar with the matter.

Blackstone had bought Bellagio from MGM Resorts International (MGM.N) for $4.25 billion in 2019.

New York-based Blackstone has been cashing out of its real-estate positions. On Monday, it said it would sell industrial properties for $3.1 billion to Prologis Inc (PLD.N).

Blackstone did not immediately respond to a Reuters request for comment, while MGM declined to comment.

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