MGM Resorts announces deal to take over operations of Strip property

3 years ago 304

The Cosmopolitan of Las Vegas connected  Wednesday, June 9, 2021 successful  Las Vegas. The Las Vegas Strip prop ...

The Cosmopolitan of Las Vegas connected Wednesday, June 9, 2021 successful Las Vegas. The Las Vegas Strip spot has been unfastened for much than a decade. (Ellen Schmidt/Las Vegas Review-Journal) @ellenschmidttt

MGM Resorts International volition get the operations of The Cosmopolitan of Las Vegas.

MGM Resorts announced the statement with Blackstone for currency considerations of $1.625 billion. Once the transaction is closed, MGM Resorts volition participate into a 30-year lease agreement, with 3 10-year renewal options.

This is simply a processing story. Check backmost for updates.

Contact Lukas Eggen astatine leggen@reviewjournal.com. Follow @LukasEggen connected Twitter.

Read Entire Article