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The Cosmopolitan of Las Vegas[1] (commonly referred to simply as The Cosmopolitan or The Cosmo)[2] is a resort casino and hotel on the Las Vegas Strip in Paradise, Nevada. It is owned by The Blackstone Group, Stonepeak Partners, and Cherng Family Trust and operated by MGM Resorts International. The resort includes a 100,000 sq ft (9,300 m2) casino and 3,033 rooms across two towers, as well as a 3,200-seat performance theater and various restaurants.

The Cosmopolitan opened on December 15, 2010, and at $3.9 billion, it was the most expensive Strip resort built up to that point. The resort proved to be popular, although casino revenue lagged behind other amenities. Deutsche Bank sold the resort to The Blackstone Group in 2014, for $1.7 billion. Blackstone made numerous changes which improved gaming revenue, and the company also negotiated a deal with the Culinary Workers Union, whose members had protested at the resort over the lack of a union contract. The resort operations were sold to MGM in 2022, while Cherng and Stonepeak joined Blackstone as owners.

Deutsche Bank had always intended to sell the Cosmopolitan. A deal was announced in May 2014, to sell the resort for $1.7 billion to The Blackstone Group.[51][55][56] The sale was finalized on December 19, 2014.[57] Blackstone sought to improve the resort's gaming revenue by revamping the casino floor.[58][59] The company also made changes to the restaurants and entertainment offerings as part of a $200 million project. The changes were successful,[60][61] and the resort saw its first quarterly profit in 2015.[62]

In April 2011, Cosmopolitan security staff allegedly removed a transgender guest named Stephanie from a women's restroom, photographed her, and said that she would be banned for life if she did not leave the premises. Shortly after the incident, the Cosmopolitan was flooded with complaints on its Facebook page, which prompted the resort to issue an apology to the transgender community and to Stephanie, stating that she was welcome to come back to the resort anytime. The incident also prompted the hotel-casino to train its staff on awareness initiatives involving the sensitive issue.[105][106][107]

After taking ownership of the resort in 2008, Deutsche Bank hired The Related Companies, a real estate developer, to oversee the project. W.A. Richardson Builders was hired as a consultant on the design and construction of the casino area.[9][118] Related made various recommendations, such as relocating the casino entrance onto the Strip.[34] Eichner's original plans called for the casino to be on the second floor, where the resort's retail component was ultimately built instead.[17][119]

The Cosmopolitan includes a 100,000 sq ft (9,300 m2) casino.[42][124] It opened with 1,400 slot machines and 80 table games.[18] A high-limit gaming area, the Talon Club, was added in November 2011. Located on the second floor above the main casino, the Talon Club featured 15 table games and helped improve gaming revenue.[91]

A signature feature on the casino floor is the three-story Chandelier lounge,[2][193] which includes two million crystals hung from the ceiling.[133] The Chandelier was designed by Rockwell, who said "so much of Las Vegas is experienced horizontally and I felt like this building is very vertical. The idea to have a central, vertical focus and the idea to imagine what would it be like to be inside chandelier were both simultaneous".[18] Portions of the Chandelier were renovated in 2016 and 2017, adding additional seating and a brighter design.[194][195]

In 2015, the Cosmopolitan became the first Strip resort to offer Apple Pay terminals throughout its property, with the exception of the casino area.[201][202] In 2017, the resort introduced a virtual concierge named Rose, designed to help guests and provide recommendations about amenities.[203]

In 2011, Cond Nast Traveler named the Cosmopolitan to its Hot List of 124 hotels, writing that the resort, despite "fulfilling the formula of any glitzy, behemoth Vegas casino-hotel, manages to feel both unique and intimate. The latter is due in part to the hotel's verticality, which spreads the public areas over three floors instead of one".[230] Later that year, Fodor's named it among the 100 best hotels in the world, praising its design, technological innovation and customer service.[231]

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Once the deal closes, MGM will enter into a 30-year lease agreement with three 10-year renewal options. The casino operator will pay $200 million in annual rent, which will increase annually 2% for the first 15 years.

Blackstone pumped $500 million worth of renovations into The Cosmopolitan, which has 3,032 rooms, since it purchased the property. The Cosmopolitan also has a 110,000 square-foot casino, 26 restaurants and bars, a 3,200-seat theater, a nightclub and 243,00 square feet of meeting space.

Earlier this summer, Vici Properties, a casino-focused real estate investment trust, announced that it would acquire MGM Growth Properties, which is controlled by MGM Resorts International, for $17.2 billion.

In March, nearly two months after casino mogul Sheldon Adelson passed away, Las Vegas Sands struck a deal to sell its Las Vegas properties, which include the Venetian Resort and the Sands Expo and Convention Center, to Apollo Global Management for $6.25 billion.

Cosmo Casino offers a welcome bonus, regular deals, a loyalty program, and more. With their welcome deal, I was rewarded 150 free spins upon making my first deposit of at least $10. I deposited $100 and received the free spins instantly in my account. With the second deposit, I was offered a 100% bonus of up to $250 that I could use at any games at the casino.

Blackstone, the New York-based private equity firm, owns the approximately 3,000-room, two-tower property. It plans in coming weeks to complete a $1.6 billion sale of property operations to casino giant MGM Resorts International. 006ab0faaa