The Cosmopolitan: Cosmopolitan of Las Vegas now officially an MGM Resorts property

The MGM Resorts International announced on Tuesday that they have completed the transaction with Blackstone to own the operations of The Cosmopolitan of Las Vegas for $1.625 billion. The property has a 110,000 square-foot casino, with high-end gaming areas for VIP guests. A news release from MGM indicates the company will pay $200 million in rent the first year, and that will go up 2% each year...