1986 sells MGM Grand Las Vegas to Bally for US$550m

01.01.1986, 1986 sells MGM Grand Las Vegas to Bally for US$550m.

In 1986, the original MGM Grand opened (now Bally’s), as the world’s largest hotel.

Über Bally's Las Vegas:

Bally's 2,814 beautifully-appointed rooms are among the largest in Las Vegas. Their suites provide guest with elegance and sophistication.

The original hotel-casino complex opened as the MGM Grand in 1973, with 2,100- rooms but was forced to close after a devastating fire during the fall of 1980. While under re-construction the newest in fire safety equipment was added to protect guests and a second hotel tower with 714-rooms was added. MGM Grand sold the property to the Bally Corporation in 1986, for over $500 million. During 1995, a $25 million monorail system linking Bally's and the MGM Grand together was build.

Bally's offers 175,000 square feet of flexible meeting and exhibit space for groups of 45 to 4,500 in the Las Vegas and Pacific Ballrooms on the second and third floors.

Enjoy hot name entertainment in the Jubilee Theater or gaming action in the 67,000-square-ft casino with 1,900 slot and video machines, 90 gaming tables, 8 craps tables, a Hi-Roller room with 15 tables or relax in the keno lounge, Race & Sports Book or one of several bar lounges. Bally's Race & Sports Book has 26 big screen monitors and 210 personal ones.

Dining: al Dente, Italian cuisine; Bally's Steakhouse, beef and seafood; Big Kitchen Buffet, an award winning buffet; Chang's at Bally's, Chinese and Hong Kong specialties; Seasons, continental cuisine and The Sidewalk Cafe, open 24- hours.

Das Casino gehört zu Caesars Entertainment. Caesars Entertainment Inc. wurde 1937 als Harrah's gegründet und wurde 2010 in Caesars Entertainment umbenannt. Besitzer sind die Investment-Firmen Apollo Global Management, TPG Capital und The Blackstone Group.

--- Ende Artikel / Pressemitteilung 1986 sells MGM Grand Las Vegas to Bally for US$550m ---


Weitere Informationen und Links:

		
 
Weitere Nachrichten der Gaming-Branche