Who owns the Bellagio?

The history of the Bellagio is just as intriguing as its stately structure on the Strip, and it all begins with real estate developer and Atlantic City icon Steve Wynn in the early 1990s. The Bellagio is often viewed as the epicenter of the Las Vegas Strip.

With the collection known as the “Bellagio fountain” serving as the main headquarters and meeting point for anyone hoping to find their friends and family among the crowded sea of people, it’s hard to believe one of the newest casinos and hotels has garnered the strongest reputation.

Who owns the Bellagio?

The Bellagio was originally the site of the legendary Dunes hotel and casino, which sold for $75 million in 1993 to Steve Wynn. Wynn, later owner of MGM Resorts, teamed up with Atlandia Design, owned by Mirage Resorts, and started crafting a modern model of the Northern Italian town of Lake Como, which it was named after. In 2000, The Bellagio became an MGM Mirage property following the merger between Mirage Resorts and MGM Grand Inc.

The story continue as ownership changed again in October of 2019 when MGM Resorts announced it would sell the Bellagio to The Blackstone Group for a reported $4.25 billion. The deal would allow The Blackstone Group to lease the Bellagio back to MGM Resorts for an annual rent of $245 million. The sale was completed in November 2019 and under the new deal, MGM acquired a five-percent ownership stake in the venture and continues to operate the resort through the new lease.

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