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Neither MGM nor the real estate group is mentioned on the Mesinger Jet Sales website, implying Blackstone remains the jet’s owner. While the private equity company has gaming interests around the world and owns real estate stakes in some of the glitziest Strip venues, it\u2019s no longer involved with the day-to-day operations of US-based casinos. That likely diminishes the need for an aircraft operating out of Las Vegas.<\/p>\n<\/div>\n
MGM — the largest operator on the Las Vegas Strip — has five planes in service, according to the Pilot Career Center. Two are E190VIP – Embraer Lineage Corporate jets, while another pair are E135VIP – Embraer Legacy 500 Corporate planes. The last is a Gulfstream G650.<\/p>\n
Jets Make Sense for Casino Operators<\/h2>\n
Corporate jets aren\u2019t unique to the gaming industry. But they are a sensible expenditure for casino operators.<\/p>\n
That\u2019s particularly true for a company such as MGM that has a domestic portfolio comprised of a vast Strip footprint, as well as extensive regional holdings. It\u2019s common for gaming companies with those traits to fly highly-rated players from regional markets to Las Vegas.<\/p>\n
For example, MGM could fly a rated, big-spending bettor to Sin City from Massachusetts, where it runs MGM Springfield, to reward that customer for loyalty and to spur more spending on the Strip.<\/strong><\/p>\nAdditionally, MGM owns 56% of MGM China, meaning its executives take occasional trips to Macau. That further justifies its fleet of aircraft.<\/p>\n
Last year, Las Vegas Sands<\/a> spent about $800K on private air travel for executives — good for one of the highest totals among all S&P 500 companies.<\/p>\n","protected":false},"excerpt":{"rendered":"The Cosmopolitan Las Vegas is selling a corporate jet for almost $9 million. To be precise, the 2002 Gulfstream GIV-SP, parked in Las Vegas, is listed by Colorado-based Mesinger Jet Sales for $8.99 million. Mesinger notes there have been two owners since 2002, both based in the US. Through constant market research, we know how […]<\/p>\n","protected":false},"author":46,"featured_media":233078,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,81886],"tags":[81897,23],"acf":[],"yoast_head":"\n
Cosmopolitan Las Vegas Jet For Sale For $9 Million<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n