Bellagio (resort)

Bellagio (bə-LAH-zhee-oh) is a resort, luxury hotel, and casino on the Las Vegas Strip in Paradise, Nevada. It is owned by Blackstone Inc. and operated by MGM Resorts International. Bellagio was conceived by casino owner Steve Wynn, and was built on the former site of the Dunes hotel-casino. Wynn's company, Mirage Resorts (now MGM resorts international), purchased the Dunes in 1992. Plans were announced in 1994 to replace it with Beau Rivage, a French-themed resort. In 1995, Wynn changed the project plans to instead theme it after the village of Bellagio, on Lake Como. The resort was designed by Jon Jerde. Construction began on November 1, 1995, with Marnell Corrao Associates as general contractor. Bellagio opened on October 15, 1998, with 3,005 rooms in a 36-story tower. Built at a cost of $1.6 billion, it was the world's most expensive resort up to that point. Early revenue was less than expected, and Wynn departed the resort in May 2000, when Mirage Resorts merged with billionaire investor Kirk Kerkorian's MGM Grand Inc. Profits improved under the ownership of the newly formed MGM Mirage (later MGM Resorts). A 33-story hotel tower, with 928 rooms, was opened in 2004. MGM owned Bellagio until 2019, when it sold the resort to Blackstone Inc. for $4.25 billion. MGM continues to operate the property under a lease arrangement. Bellagio is located on 77 acres (31 ha). It include

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