MGM acquires operations of the Cosmopolitan

MGM Resorts (MGM.US) shares jumped nearly 3.0% during today's session after the company announced a $1.62-billion deal to buy The Cosmopolitan of Las Vegas from Blackstone (BX.US) which said the casino's performance has been exceeding pre-Covid levels. The transaction separates ownership of the property from the hotel and casino operations, which are being sold to MGM Resorts. The Cosmopolitan has been valued at approximately eight times adjusted earnings before interest, taxes, depreciation and amortization, inclusive of expected operational synergies and identified revenue growth opportunities, MGM said in a note. The deal is expected to close in early 2022 after which MGM Resorts will enter into a 30-year lease agreement, with three 10-year renewal options, with a partnership that includes the Blackstone Real Estate Income Trust, which will acquire The Cosmopolitan's real estate assets. MGM Resorts will pay an initial annual rent of $200 million, escalating annually at 2% for the first 15 years and up to 3% thereafter.

MGM Resorts (MGM.US) stock broke above major resistance at $44.35 and reached its highest level since June 2008. If current sentiment prevails, the upward move may accelerate towards the upper limit of the wedge formation at $48.15. Source: xStation5

7 January 2026, 6:55 PM

Daily summary: Alphabet shares support sentiments on Wall Street 🗽Oil, precious metals and crypto slide

7 January 2026, 3:22 PM

Critical Metals at the center of speculation around Greenland 🔎

7 January 2026, 3:14 PM

US Open: Nasdaq continue to climb📈Intel and Eli Lilly stocks surge

7 January 2026, 9:06 AM

German industrial conglomerate to sell off troubled unit in India ❓Shares gain 5% 📈

Stocks

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days

MGM acquires operations of the Cosmopolitan

Join over 2 000 000 XTB Group Clients from around the world