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MGM plans to sell Mirage operations in Las Vegas
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MGM Resorts International said it would sell its operations of The Mirage to another operator, part of a rash of deals that are changing the hands of ownership on the Las Vegas Strip.
MGM Resorts, like other casino and hotel operators, has been shedding some of its assets including its real-estate holdings to focus on new business areas such as sports betting, entertainment and a casino development in Japan.
"We are committed to continuing to maintain and develop our existing Las Vegas portfolio with no plans for other changes on the Strip at this time," Chief Executive Bill Hornbuckle said in a letter to employees on Wednesday. Its portfolio also includes the Bellagio, MGM Grand, Aria, and Park MGM.
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The Las Vegas-based company said it hasn’t sold Mirage’s operations yet and didn’t disclose any potential buyers.