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Coronavirus Casino News March 9, 2020: Wall Street Betting on Two Vegas Casinos During Crisis

Written by:

Jagajeet Chiba

Published on:

Mar/09/2020

Wall Street Betting on Two Vegas Casinos During Crisis

Here is the latest news concerning Coronavirus and the impact on casinos worldwide - Monday March 9, 2020.

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Wall Street Betting Big on Two Casinos During Coronavirus Crisis

Wall Street banks aren’t letting the spread of the coronavirus in the U.S. get in the way of a planned $2 billion property bond financing for the MGM Grand and Mandalay Bay casino and hotel properties in Las Vegas.

Affiliates of the Blackstone Group and MGM closed a deal to buy the luxury casino and resort properties for $4.6 billion last month with funding from a clutch of banks led by Citigroup. They now want bond-market investors to chip in as creditors.

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