I was reading news last night and found an interesting bit of information about Las Vegas that I never thought about before. MGM Resorts owns as much property in Las Vegas as Las Vegas Sands (Venetian and Palazzo), Wynn (Wynn and Encore) and Caesars Entertainment (10 hotels + The Linq) combined.
- Las Vegas Sands – 82 acres
- Wynn – 240 acres
- Caesars – 414 acres
- MGM Resorts – 742 acres
I can’t say that I’ve ever thought about how much property any of the casino operators in Las Vegas owns. I find the fact that MGM Resorts covers so much space interesting considering Wynn has a golf course and Caesars has a mall with a big ferris wheel that occupies a lot of space.
I think many of us forget that MGM owns a massive amount of land on the north end of the Vegas Strip (City of Rock) that nobody thinks about since it’s still undeveloped.
If nothing else it will provide more useless Las Vegas knowledge that I can wow people with.
There’s a link between land ownership and stock value and Macau. You can read more about how Macau Gaming Crackdown Drives Bettors To Las Vegas.