The MGM Cosmopolitan Las Vegas acquisition was a game-changer for the company. Not only did MGM solidify its position on the west side of the Strip but it also picked up one of the hottest properties with a higher ADR (average daily rate for a room). Its sale of Mirage will help finance the purchase. In the realty world, it’s pretty straightforward. MGM is now the owner of Cosmo-Vegas operations.
This week will be a very different edition of Vegas News. We originally started wishing you a Happy Super Bowl Sunday and are finally posting just before March.
The big news in Las Vegas since the beginning of February is that masks are no longer mandated in public places and casinos. Wearing a mask in both locations is still optional for anyone that would like to wear one.