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Blackstone Sells Cosmopolitan Operations to MGM Resorts

Discussion in 'Casino Industry & Development' started by aspenq, Sep 27, 2021.

  1. pressitagain

    pressitagain VIP Whale

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    Agree on the food refresh. Not a fan of the selections.
     
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  2. breanna61

    breanna61 Super Moderator

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    Different strokes; some of my favourites are at Cosmo.
     
    Christmas at Cosmo
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  3. ReTriggerMe

    ReTriggerMe VIP Whale

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    As I sit on my Cosmopolitan terrace, enjoying the view of the Bellagio sign, I'm pondering....

    I still maintain it's very early to worry about the details of this sale.... I must try not to be apprehensive. Then it occurs to me
    ...
    This is why we shouldn't hoard spendable points.

    As of this morning, I have $1350.00 in spendable points at Cosmo. (And some at MLife) My rooms are free, my food gets comp'd. I'm not a spa guy. Point play seems like conceding, giving it back. So I've just let them accumulate thinking.... maybe someday I'll buy some European suit in a shop, a piece of art, or some other item I'd never buy. Or bring my Henderson family in for a great dining experience.

    Now I'm wondering.. even though details of the sale are many months in the future, maybe I should find a way to start spending those points.
     
    Holiday Return after 39 Months
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  4. SH0CK

    SH0CK Stylin' and Profilin' Quasi Tech Admin

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    Think of those points like they were a new car. The older they get, the more likely they will lessen in value... or devalue completely. Especially the ones at CET as I've known too many folks who had points used/stolen when they weren't even in Vegas.
     
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  5. Gus

    Gus High-Roller

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    i was just gonna play slots this upcoming trip in cosmo , in the hopes of getting a balcony room fountain view.. just once.
     
    2021 birthday/new years bash
  6. vegasvstr

    vegasvstr VIP Whale

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    I used mine up at Cosmo last year as had cut play there due to limited locations. Though I'll definitely visit if/when merged with Mlife.

    I predict "fountain view" rooms will become "Bellagio fountain view" rooms.
     
  7. nin7474

    nin7474 Low-Roller

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    Planning on going to Vegas around the end FEB 2022.
    Do you think the completion of the Cosmo by MGM/Mlife will be complete before or by then?
    Would love to see some offers for the Cosmo from my Mlife
     
    VEGAS 12/5/21
  8. SH0CK

    SH0CK Stylin' and Profilin' Quasi Tech Admin

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    Maybe the sale will be complete, but it all depends on how compatible the systems are for the player's club software. If they aren't compatible, it could take 3-6 months to bring Cosmo online with mLife.
     
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  9. ReTriggerMe

    ReTriggerMe VIP Whale

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    No.

    Perhaps I'm over-estimating. Deals rarely close at the time originally forecast. I'd guess second quarter.

    If airline frequent flyer programs any indication, it could take months to figure out what they're going to do. And I'd be surprised if there's not a lengthy transition period.
     
    Holiday Return after 39 Months
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  10. NickG

    NickG Low-Roller

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    I think there are basically three machines at the Cosmo high limit room that will pay out >99% at the $1 level. Maybe the rest of the machines are inferior to what you find at MGM, but these machines are better.

    I’m not sure about host comps from either set properties. I don’t play enough to get a host. My only claim is with respect to the players club tiers. It is relatively easy to get Gold tier as Cosmo through VP, and the perks of this are much better than the perks of the equivalent gold mlife tier; and my impression is that this is also true at other tier pairs.
     
  11. Basil

    Basil VIP Whale

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    Genuine question (not trying to be argumentative here) but you mention a total of 3 machines that have better payouts than MGM. Is this better than the "standard" MGM, or have you actually scouted out all of the MGM machines?
     
  12. CtheWorld

    CtheWorld Low-Roller

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    My previous trip I stayed at Cosmo followed by MGM, both on comped offers. My upcoming trip will be the same.
    I can’t do that with two Mlife properties. For that reason alone I’m not looking forward to Cosmo being Mlife-ified.
     
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  13. Kachow

    Kachow VIP Whale

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    This is my exact predicament. Ever since I started doing Cosmo I have stayed at either Bellagio or Aria also as part of my stats along with Wynncore. We go on longer trips and like to change hotels every 3-5 days. This will make things more difficult for me to stay where I want when I want to. Also, with the huge MLife players club I fear Cosmo comps will be tougher to come by.
     
    Adding a couple days to the trip.
  14. SunshineSlayer

    SunshineSlayer Low-Roller

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    I originally matched to Gold, but had Pearl before that and I've since earned Gold based on play. What I'm saying is that despite that, my Cosmo offers are better than what I get offered at MGM. I'm not saying my MGM offers are bad (I get "comped" any night at their lower-mid properties and weekdays at their higher end), I'm just saying that Cosmo's are better. The no resort fees at Cosmo is a big deal and the rooms are superior.
     
    Last edited: Oct 7, 2021
    12/13 - 12/15
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