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The retirement income gap no-one is talking about

People are living longer than ever before and this can impact how you plan for retirement

MGM Resorts Is Betting Big on Las Vegas

Travis Hoium, The Motley Fool
·4-min read
MGM Resorts Is Betting Big on Las Vegas

MGM Resorts (NYSE: MGM) has quietly made a very big bet on the future of the Las Vegas Strip, and it could determine the stock's performance long term. Not only did MGM recently agree to acquire the half of CityCenter that it didn't own for $2.125 billion, but it also agreed to sell CityCenter's real estate for $3.89 billion to funds managed by Blackstone (NYSE: BX). The move to acquire a key asset and monetize its real estate sounds smart on the surface, but it's adding more leverage to MGM's business.

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