To JETT Gaming and Jean Ventures
MGM Resorts to sell its Nevada property
2014-10-21
Reading time 38 seg
(US).- MGM Resorts International has entered into an agreement to sell its Nevada-based Gold Strike Hotel & Gambling Hall property and related assets to JETT Gaming and Jean Ventures. It is located in the Jean area of the US state, which is just over 30 miles from Las Vegas.
Terms of the deal were not disclosed and closing is contingent upon regulatory approvals and other customary closing conditions.
“As we continue to review and refine our portfolio of properties, and focus on new developments in international and regional markets, we have agreed to sell Gold Strike Hotel & Gambling Hall to JETT Gaming and Jean Ventures,” MGM Resorts’ executive vice-president, chief financial officer and treasurer, Dan D’Arrigo, said.
Tim Herbst, manager of JETT Gaming and Jean Ventures, added: “We are pleased with the opportunity to purchase Gold Strike and the surrounding property.We will continue to evaluate our plans for the site as we work diligently to get this transaction completed,” he concluded.
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