MGM Resorts Just Made a Brilliant $1.6 Billion Deal - NewsBreak

MGM Resorts (NYSE:MGM) recently announced it has agreed to acquire the business operations of the Cosmopolitan resort on the Las Vegas Strip from Blackstone (NYSE:BK). In this Fool Live video clip, recorded on Sept. 28, Millionacres editor Deidre Woollard and senior analyst Matt Frankel, CFP, discuss why MGM might have decided to add the Cosmopolitan to its Vegas portfolio and what investors should know about the move.