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Blackstone Just Sold the Cosmopolitan in Las Vegas -- Well, Sort of

Matthew Frankel, CFP, The Motley Fool
·3 min read

It was only a few weeks ago that we learned that investment firm Blackstone Group (NYSE: BX) was looking to unload the Cosmopolitan on the Las Vegas Strip, with an asking price of at least $5 billion. Well, we just found out that Blackstone has officially found a buyer for the massive property -- sort of. Here's an overview of the deal that Blackstone has made with one of the largest gaming companies in the world and what it means for the gaming industry.

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