We couldn't be more excited to bring them into our portfolio of world-class operations,' said MGM Resorts CEO and President Bill Hornbuckle. The Cosmopolitan of Las Vegas has already established itself as one of the Strip's premier resorts with an iconic brand, well-curated experiences and a loyal customer base.
'This is a big moment for our company and for the Las Vegas Strip. With the closing of the transaction, The Cosmopolitan of Las Vegas officially joins MGM Resorts' roster of iconic brands along the Las Vegas Strip. LAS VEGAS, /PRNewswire/ - MGM Resorts International (NYSE: MGM) ('MGM Resorts' or the 'company') today announced the closing of its transaction with Blackstone to acquire the operations of The Cosmopolitan of Las Vegas (the 'property' or 'The Cosmopolitan') for cash consideration of $1.625 billion.
