Noticias de ultima
  • 12.00 Could Consumers be affected by the transfer of Lotteries to Subsidiary?
  • 12.00 Brazil's online gambling regulation schedule is set out
  • 12.00 Clarion Gaming film Virtual Tour showing scale of opportunity for ICE and iGB Affiliate exhibitors in Barcelona
  • 12.00 Report 2024-2030: Europe Sports Betting Market Size, Share & Trends Analysis
  • 12.00 Brazil bans sports betting payment methods
  • 12.00 Successful presentation of R. Franco and R. Franco Digital on the 25th anniversary of GAT Expo Colombia
  • 12.00 Massachusetts Gaming Commission Awards $1,5M for Enhancing Career Training Statewide
  • 12.00 NeoGames and Aristocrat secured the necessary regulatory approvals for their proposed acquisition
  • 12.00 New York: Competition, Smoking Bans, and Internet Betting Worries Shake Up Gambling
  • 12.00 CT Interactive has concluded a key deal with Twinsbet.lt
Casino

MGM Grand Las Vegas named world’s largest hotel building

Tuesday 07 de February 2023 / 12:00

2 minutos de lectura

(Las Vegas).- The MGM Grand Las Vegas isn’t just the largest casino in Sin City. It’s the largest individual hotel building in the world, according to the World Record Academy. The Academy, which logs a variety of business and personal records, notes MGM Grand sits on 6.6 acres, commanding 380,000 square feet, making it the largest hotel structure in the world.

MGM Grand Las Vegas named world’s largest hotel building

(MGM Grand) has 6,852 rooms and includes five outdoor pools, rivers, and waterfalls that cover 6.6 acres (2.7 ha), a 380,000 square feet (35,000 m2) convention center, the MGM Grand Garden Arena, and the Grand Spa; it also houses numerous shops, night clubs, restaurants and the largest casino in Clark County, which occupies 171,500 square feet  (15,930 m2),” notes the Academy.

By number of rooms, MGM Grand is not the largest hotel in the world. That distinction belongs to the First World Hotel in Malaysia, which has 7,351 rooms.

MGM Grand History

MGM Grand opened on the Strip in December 1993 and cost an estimated $1.1 billion to build.

In January 2020, MGM announced the sale of Mandalay Bay and MGM Grand to a joint venture controlled by MGM Growth Properties (MGP) and Blackstone Real Estate Income Trust (BREIT). At that time, the breakdown was a 50.1% stake to MGP, with BREIT owning the remainder.

That 50.1% was inherited by VICI Properties when it closed its $17.2 billion acquisition of MGM Growth in April 2022 — a transaction that created the largest gaming REIT in the US, as well as the largest landlord on the Strip.

Last December, VICI announced it would acquire the remaining 49.9% of Mandalay Bay and MGM Grand for $4.27 billion as BREIT faced a liquidity crunch. That figure includes a cash consideration of $1.27 billion and the assumption of $3 billion in BREIT debt.

Translation: VICI Properties owns the real estate of MGM Grand, while MGM Resorts remains the operator of the integrated resort. Another point worth noting: MGM Grand is the largest single hotel complex in the US. Overall, the biggest is the combined Venetian and Palazzo — also on the Strip and owned by VICI.

Other Las Vegas Accolades

In addition to the MGM Grand’s accolades, some others from the World Record Academy pertain to Las Vegas and Nevada.

The Academy says the Bonanza Gift Shop, located on the Las Vegas Strip between the Sahara Las Vegas and the Strat, is the world’s largest store of its kind. The world’s largest fireworks structure is found in Amargosa Valley, Nevada. The 28-foot tall “M-800” firecracker covers a water tank.

As for the world’s largest hotels ranked by the number of rooms, eleven of the top 20, including MGM Grand, and all US-based venues are located in Las Vegas. That group also includes the Venetian,  Wynn and Encore, Caesars Palace and MGM’s Aria, among others. Las Vegas Sands’ Londoner Macau ranks by the number of rooms.

Categoría:Casino

Tags: casino,

País: United States

Región: North America

Event

GAT EXPO CARTAGENA DE INDIAS 2024

09 de April 2024

Successful presentation of R. Franco and R. Franco Digital on the 25th anniversary of GAT Expo Colombia

(Madrid).- R. Franco and R. Franco Digital once again aroused great interest among operators at GAT Expo Colombia with their latest developments and products fully adapted to the Latin American market.

Friday 19 Apr 2024 / 12:00

The challenge of promoting gender equality within the sector, a topic of debate at GAT

(Cartagena, SoloAzar Exclusive).- “Women promoting the industry as a challenge,” was the topic of a panel organized by ASFEG, the Women's Gaming Association, at the recent GAT EXPO 2024. Speakers talked about female participation in the gaming industry, analyzed the current scenario and shared inspiring message for women in order to achieve gender equality.

Friday 19 Apr 2024 / 12:00

Fast Track pushes innovation and customisation in the iGaming industry at GAT Expo 2024

(Cartagena de Indias, Exclusive SoloAzar) - At GAT Expo Cartagena 2024, Fast Track stood out with its innovative CRM solutions designed specifically for the iGaming industry. Muriel Le Senechal, Solutions Consultant at Fast Track spoke about her good experience at the show, the exceptional feedback at Fast Track's booth, which impressed visitors with its real-time data integration and AI and finally reflected on GAT's 25th anniversary as an evolution in the Latin American gaming industry.

Thursday 18 Apr 2024 / 12:00

SUSCRIBIRSE

Para suscribirse a nuestro newsletter, complete sus datos

Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.

PODCAST