With a smaller casino operation than many of its counterparts on the Strip, \u201cthe Cosmo\u201d has relied on its reputation as a culinary and clubbing hotspot to bring in the crowds.<\/p>\n
\n That makes a lot of sense in a climate where gaming revenues are falling and younger people are heading to Vegas in droves, but for the food and non-gaming amenities rather than the table games and slots.<\/strong><\/p>\n<\/blockquote>\nBut the Strip properties still need their casinos and its precisely because of the Cosmopolitan\u2019s casino limitations that it needs more VIPs to bump up that bottom line.<\/p>\n
Players Not Stayers<\/b><\/h2>\n Brian Benowitz, senior vice president of casino operations, told Bloomberg he believed the new suites will add 10 to 20 percent to the casino\u2019s net earnings.<\/p>\n
Previously, he said high-rollers would go elsewhere to play high stakes because of the lack of VIP suites at the hotel.<\/p>\n
\n\u201cThey were players and not stayers,\u201d he said. \u201cPeople play more where they sleep. We\u2019re not overly concerned if a room goes vacant because there\u2019s an opportunity cost of getting someone in there,\u201d he added. \u201cThey\u2019re not at the same occupancy as the rest of the hotel, but on weekends? The demand is astronomical.\u201d<\/strong><\/p>\n<\/blockquote>\nBut first, prospective guests have to clear some security checks, including submitting\u00a0 <\/span>financial details to casino officials and the Gaming Commission and, of course, proffering your million-dollar buy-in. \u00a0 \u00a0<\/span><\/p>\nOK, in one sense that makes them not at all free, and possibly the most expensive hotel rooms in the world, but not if you get lucky at the tables.<\/p>\n","protected":false},"excerpt":{"rendered":"
The 21 new Boulevard Penthouse suites at the Cosmopolitan in Las Vegas boast balconies overlooking the Bellagio Fountains, $56,000 bottles of Louis XIII Black Pearl cognac in the drinks cabinet and all come with a fleet of chauffeured luxury SUV\u2019s at your beck and call. Each interior is unique, created with luxury in mind by […]<\/p>\n","protected":false},"author":42,"featured_media":53312,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\n
New Cosmo Penthouse Suites: Technically Free, But Possibly Very Expensive\u00a0<\/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