MGM Resorts bought an interesting sliver of property on the Strip last year, according to Clark County property records.
MGM Resorts Land Holdings on May 15, 2023 bought 1.62 acres between the Bellagio and The Cosmopolitan, just south of the Bellagio fountains, for $54 million, property records show.
The long, slender piece of land, which is zoned a vacant lot, stretches a few hundred feet and is currently used as a roadway, parking lot, and garbage storage. It’s view is blocked from the Strip by a number of trees.
An MGM Resorts spokesperson confirmed the sale, noting that the company leases the real estate for both the Bellagio and Cosmo from hedge fund Blackstone, but declined to comment further on the sale.
