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The investment firm is considering its options and has not committed to a sale, the report said, citing people familiar with the matter.
Blackstone had bought Bellagio from MGM Resorts (NYSE:MGM) International for $4.25 billion in 2019.
New York-based Blackstone has been cashing out of its real-estate positions. On Monday, it said it would sell industrial properties for $3.1 billion to Prologis (NYSE:PLD) Inc.
Blackstone did not immediately respond to a Reuters request for comment, while MGM declined to comment.
