MGM Resorts International's Audited Pretax Earnings in Annual 2019 Were $2.847 Bil With $2.678 Bil of it Being a Gain on the Appreciation of All of Bellagio's Real Estate Assets Over the Years. Did MGM Resorts Employees Play a Key Role in Increasing the Value of Bellagio's Real Estate Assets Over the Years? Certainly. So How Much of That $2.678 Bil Gain Did MGM Non-Executive Employees Receive? My Guess is ZERO.

MGM Resorts International is the largest Company employer in Nevada.

In November 2019, MGM Resorts formed a venture with Blackstone Real Estate Income Trust, which acquired the Bellagio real estate assets and entered into a lease agreement with MGM Resorts to lease these Bellagio real estate assets back to MGM Resorts.

As a result of this Sale-Leaseback transaction, MGM Resorts recorded a $2.678 Bil Gain included as a reduction in its Total Operating Expenses in the fourth quarter of 2019.

This $2.678 Bil Gain is in essence the appreciation in all of the Bellagio real estate assets over the years.

Did MGM Resorts non-executives play a key role in the appreciation of Bellagio's real estate assets over the years?

Sure they did.

So, how much of this $2.678 Bil Gain did MGM Resorts non-executive employees receive?

My guess is ZERO.

The deck is clearly stacked against Nevada workers.

Do you really think that four of the Top Five Democratic Presidential candidates running in Nevada (Bernie, Biden, Warren and Klobuchar) have any clue as to what happened here impacting the largest company employer in Nevada and its employees?