In what appears to be a bigger deal than it probably is, several outlets are reporting that MGM has put Bellagio and MGM Grand up for sale, in order to raise cash for international expansion.

But don't expect those properties to change themes or even management.

They will remain MGM MLife properties, and the customer won't notice a difference.

They are simply selling the land and the buildings, and leasing them back.

Caeasrs has already done something similar, except they've done this via one of their own subsidiaries, VICI Properties.