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    1. Mandalay Bay, MGM Grand Sold to Joint Venture in $4.6B Deal

      Mandalay Bay, MGM Grand Sold to Joint Venture in $4.6B Deal

      Mandalay Bay, MGM Grand Sold to Joint Venture in $4.6B Deal MGM Resorts will lease both properties for an initial rent of $292 million. MGM Resorts International is selling Las Vegas properties MGM Grand and Mandalay Bay to a joint venture in a deal valuing the properties at $4.6 billion, the companies said. The joint venture includes investment firm Blackstone Group and real estate investment trust MGM Growth Properties...

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    2. Tax on Nonprofits Could Snare Companies, Too

      Tax on Nonprofits Could Snare Companies, Too

      Tax on Nonprofits Could Snare Companies, Too A new excise tax on executive pay at tax-exempt entities may also apply to their affiliated for-profit companies, IRS guidance suggests. David McCann Companies with affiliated tax-exempt entities could find themselves surprised to be on the hook for a new tax, in light of interim guidance recently released by the Internal Revenue Service.

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