MGM Resorts Sells ‘Route 91’ Property For $93M

MGM Resorts International has announced the sale of the "Route 91" property across from the Luxor Resort and Casino on the Las Vegas Strip for close to $93 million dollars. A Tribal Nation which operates the 4 Bears Casino in North Dakota has purchased the 13-acre property.

According to an article by Eli Segall on ReviewJournal.com, the Three Affiliated Tribes of the Fort Berthold Indian Reservation had purchased a 8.7-acre vacant lot adjacent to the "Route 91" property back in 2020 for about $12 million dollars. The value of the vacant lot has soared to $30 million dollars since the days of the COVID-19 pandemic, and now they have completed the purchase the rest of that area for a reported 92.8 million dollars. In all, they now own more than 20 acres on the south end of the Las Vegas Strip.

The west side of The Strip in this area features resorts like Mandalay Bay, Luxor, and Excalibur. The east side of Las Vegas Boulevard in this area has not had as much going on through the years. We see small hotels and motels, retail space, some boarded-up properties, and a never-completed Ferris wheel project.

So now, a new chapter in the history of this site on the Las Vegas Strip. Segall's article reports: "The Three Affiliated Tribes — also known as Mandan, Hidatsa and Arikara Nation, or MHA Nation — said in a news release that the purchase 'represents a substantial opportunity for investment and return,' and revenue generated would help fund tribal projects and programs." So far, the new owners have no specific plans for the site.

Per Segall's article, two acres near this property have been set aside for a memorial commemorating the tragedy which occurred on October 1, 2017 at the Route 91 Harvest Festival. As you know, it is the site of the deadliest mass shooting in modern U.S. history. Mark Fox, MHA Nation Chairman, said the Three Affiliated Tribes "whole-heartedly supports" the building of the memorial of the 1 October tragedy.

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Larry Martino is the long-time Afternoon Drive personality on 96.3 KKLZ. The views and opinions expressed in this blog are those of Larry Martino and not necessarily those of Beasley Media Group, LLC.

Las Vegas is officially open for business! Caesars Palace is among one of many casinos welcoming back tourists and guests to its property this past weekend.

With casinos opening its doors again many casinos are taking the proper measures to slow the spread of COVID-19.

Slots, chips and cards are constantly wiped down and sanitized throughout the day and evening. Temperatures are even taken for people entering the casino.

The whole scene is different for anyone visiting, but like the old saying goes "a picture is worth a thousand words."