MGM Resorts International Completes Acquisition of Las Vegas’ The Cosmopolitan Operations for $1.625 Billion

MGM Resorts International | May 18, 2022

LAS VEGAS, May 18, 2022 -- 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. With the closing of the transaction, The Cosmopolitan of Las Vegas officially joins MGM Resorts' roster of iconic brands along the Las Vegas Strip. "This is a big moment for our company and for the Las Vegas Strip. The Cosmopolitan of Las Vegas has already established itself as one of the Strip's premier resorts with an iconic brand, w...