Cosmopolitan to Join MGM Rewards in February 2024

The Cosmopolitan of Las Vegas will pass water its long-awaited accounting entry into the MGM Rewards trueness computer programme on Feb. 1, 2024.

MGM Resorts International, the manipulator of the posh Strip gambling casino resort, made the promulgation on Tuesday. The word arrives most 15 months after MGM completed its acquisition of Cosmopolitan’s operating rights. MGM reached a deal inwards Sept 2021 to purchase those rights for $1.6 billion from private equity steadfast Blackstone. Cosmopolitan’s current loyalty program is known as Identity.

Until the transition, Identity members may proceed to frolic and earn with Identity and their earnings testament be recognized when determining their MGM Rewards Tier Status inward 2024,” according to a financial statement issued by MGM. “Identity members will continue their offers and benefits through and through January 31, 2024 and all Identity Points will sway over to their rank with MGM Rewards consistent with the program rules.”

A pool consisting of the Cherng Family Trust, Stonepeak Partners, and Blackstone Real Estate Income Trust (BREIT) owns Cosmopolitan’s real landed estate assets. MGM entered a 30-year charter agreement with that consortium at an initial yearbook place of $200 million. That rises 2% per yr o'er the first off 15 years. After that, the yearly increase is 2%, or whatever the cost increase is by the Consumer Mary Leontyne Price Index (CPI), capped at 3%. After the initial 30-year term, MGM has trey 10-year renewal options.

Cosmopolitan MGM Rewards Entry Matters

With MGM ranking as the largest manipulator on the Las Vegas Strip and MGM Rewards being unity of the largest trueness programs in the gaming industry, it stands to conclude to points-enthused travelers make been wondering when Cosmopolitan and MGM Rewards would draw up.

Now, they have got an answer. MGM has expanded the shipway guests and bettors tin can accrue points, including increasing the keep down of points-earning opportunities on dining, hotel stays, and gaming. Points can also follow earned via BetMGM, which is the largest cyberspace casino weapons platform and I of the largest online sportsbook operators inward the US.

“Beginning in February with the program’s integration, all MGM Rewards members testament feature the ability to garner and employ MGM Rewards Points, Slot Dollars, and Tier Credits crosswise their experiences at The Cosmopolitan, including the resort’s incredible regalia of accommodations, dining, entertainment, slots and tabularize games,” added MGM in the statement.

MGM Rewards has fin tier up levels, including Sapphire, Pearl, Gold, Platinum, and NOIR, which is an invitation-only tier.

Busy Stretch for MGM Rewards

News of Cosmopolitan’s official entry engagement into MGM Rewards arrived nearly deuce weeks after the gaming society and hotel manipulator Marriott International announced the debut of the MGM Collection with Marriott Bonvoy.

That partnership is expected to create substantial points-accruing opportunities for the to a greater extent than 220 gazillion members of the MGM Rewards and Marriott Bonvoy programs. Interestingly, Marriott already had a hotel partnership with Cosmopolitan.

“The MGM Collection will set in motion inwards October 2023, and finally encompass 17 of MGM’s unrivaled resorts, representing more than 40,000 rooms inwards Las Vegas and other cities across the US,” concluded MGM. “In gain to being part of the MGM Collection, The Cosmopolitan testament uphold its human relationship with Marriott Bonvoy’s Autograph Collection Hotels brand.”