Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DARWIN, AUSTRALIA-Publicly traded MGM Mirage of Las Vegas has completed its sale of the MGM Grand Australia to Auckland-based Skycity Entertainment Group. The sale price was $140 million, based on current exchange rates.Skycity is a gaming and entertainment company that owns and/or operates gaming and entertainment complexes in New Zealand and Australia. MGM Grand Australia is located on 18 acres of beachfront. The property has approximately 23,800 sf of gaming space and 107 hotel rooms. MGM Mirage owns and operates 11 casino resorts located in Nevada, Mississippi, and Michigan, and has investments in two other casino resorts in Nevada and New Jersey. Its portfolio of brands include Bellagio, MGM Grand Las Vegas, The Mirage, Treasure Island (“TI”), New York – New York, Boardwalk Hotel and Casino and 50% of Monte Carlo, all located on the Las Vegas Strip.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.