Under terms of the deal, MGM will acquire the operations of The Cosmopolitan for $1.625 billion, while the underlying real estate of The Cosmopolitan will be sold to a group of buyers that includes a Blackstone real estate investment trust. The Nevada Gaming Commission will consider final approval of the $5.65 billion deal on May 19. The Nevada Gaming Control Board voted unanimously to recommend approval of a transfer of interest and licensing to MGM from Nevada Property 1 LLC, a subsidiary of the company controlling The Cosmopolitan, The Blackstone Group. Cannon/Las Vegas Review-Journal) Resorts International cleared a key regulatory hurdle Wednesday in its bid to acquire operations of The Cosmopolitan of Las Vegas. The Nevada Gaming Control Board voted unanimously to recommend approval of a transfer of interest and licensing to MGM Resorts International. The Cosmopolitan of Las Vegas on the Strip in Las Vegas Wednesday, May 4, 2022.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |