It's a buyer's market for casino properties

Recent transactions of several high-end casinos illustrates a real-estate slump. Penn National Gaming acquired M Resort's $860 million debt for $230.5 million, and MGM Resorts International could sell its Borgata stake for $250 million. MGM Resorts estimates that the sale would result in booking a $128 million loss.

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Las Vegas Review-Journal · Press of Atlantic City (N.J.), The · Las Vegas Sun

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