MGM Resorts International, a hospitality and entertainment company, completed the acquisition of The Cosmopolitan of Las Vegas, a resort and casino, from Blackstone, an alternative investment management company, for $1.63bn. "We are proud to add The Cosmopolitan, a luxury resort and casino on the Las Vegas Strip, to our portfolio. The Cosmopolitan brand is recognized around the world for its unique customer base and high-quality product and experiences, making it an ideal fit with our portfolio and furthering our vision to be the world's premier gaming entertainment company. We look forward to welcoming The Cosmopolitan's guests and employees to the MGM Resorts family," Bill Hornbuckle, MGM Resorts CEO & President.