Long-term changes are anyone’s guess, but the expectation for guests is greater use of perks like the MLife rewards card. So, I think that MGM has done a good job of folding properties into their brand without necessarily taking away what makes them unique.” We still have some of the outlets that were there back when it was owned by Wynn.
“When MGM purchased Bellagio, it’s still the Bellagio,” said Dr. So, I think that we’ve seen a lot of that happening.”Īnd despite a change in who is running the show, it is expected to maintain its uniqueness amongst the Strip. “In order to get capital, MGM sold the Bellagio, but they operate it. “Caesars no longer owns Rio, but they operate it,” said Dr. Schwartz, a gaming historian at the University of Nevada-Las Vegas. “Well, this is the general trend we saw starting in the 90s toward more consolidation, fewer operators on the strip,” said David G. The company reported the deal Monday that is for cash consideration of $1.625 billion. LAS VEGAS (KTNV) - MGM Resorts International announced an agreement with Blackstone to acquire the operations of The Cosmopolitan of Las Vegas.
