MGM Resorts International acquired The Cosmopolitan of Las Vegas three months ago. Yet, the gaming operator recently announced that it will renovate New York-New York.
TheStreet.com released a report on Sunday stating that MGM Resorts indicated it will spend $63 million next year to modify its Las Vegas gaming property and make it more reminiscent. The company stated that HVS Design will collaborate with MGM Resorts International Design Group subordinate to oversee the property's renovation.
The project will include each of its 155 suites and 1,830 rooms. MGM will add vibrant designs and upgrade the property's in-room amenities to attract more clients from all over the world.
Touches in the Property
MGM Resorts International has an operating portfolio that runs eleven venues on the Las Vegas Strip, including MGM Grand Las Vegas, Luxor Las Vegas, Bellagio Las Vegas, and Excalibur Hotel and Casino.
It declared that the New York-New York renovation will comprise an 18-acre development, and its 51,765 square feet casino will have design details that will resemble New York City. They will include accent colors running to "big apple red" and "taxicab yellow" and faux exposed brick walls.
An Official Press Release
Michael Neubecker is New York-New York's Chief Operating Officer and President. He stated in a press release that the gaming company revealed its renovation plans after his venue premiered "to tremendous feedback from our guests" on its Mad Apple show in May from Cirque du Soleil.
The executive stated that most of the renovation will be over next summer. But, some premier and standard rooms will be revived fully to comprise modern conveniences like extra shelving, closet space, easy-to-access USB-C/USB power outlets, and portable work surfaces by November.
Neubecker's statement highlighted that the company's decision to remodel its suites and rooms will expand its clientele. Guests will have a better experience as the new rooms will be stylish and visit the venue again in the future.
The Modification
MGM Resorts International's move comes after Red Rock Resorts Incorporated began building a $750 million Station Casino Durango in southwestern Las Vegas. Nevada's casino market is rapidly growing, and it has high competition.
Still, Caesars Entertainment Incorporated revealed that it has started rebranding Bally's Las Vegas to Horseshoe Las Vegas to match a brand that is famous for poker and gaming. The venue has 2,100 rooms, and it has a wide array of games.
The Distinctive Destination
Caesars Entertainment's renovation includes an exterior overhaul, launching new bars and restaurants, and revamping its 48-year-old 68,375 square feet casino floor, which will be completed in spring. It comes after Twin River Worldwide Holdings Incorporated paid $20 million in October 2020 to get Bally's name's global rights.
The Rhode Island-based company rebranded to Bally's Corporation, and the new Horseshoe Las Vegas will have many iconic designs comprising dramatic colors, gold horseshoe iconography, and tooled leather.
Caesars Entertainment released a statement saying that Horseshoe casinos have steadily offered the largest jackpots, highest limits, and best odds since 1951. It will improve its players' gaming experience without limiting their wagers.
