McBeath New Cosmopolitan CEO

Sun, Dec 21, 2014

The Cosmopolitan casino resort in Las Vegas has named William McBeath as its new president and CEO. McBeath will take the reins after the property’s $1.73 billion sale to Blackstone Group is complete, according to reports.

The Cosmopolitan of Las Vegas has announced the appointment of William McBeath as the resort’s new president and chief executive officer. He will succeed outgoing CEO John Unwin.

McBeath most recently was head of private equity firm Z Capital Partners. Prior to that, he was president and chief operating officer of CityCenter, according to the Associated Press.

McBeath was also president and chief operating officer of the Mirage, Treasure Island and Bellagio in Las Vegas.

The resort is in the process of being sold by Deutsche Bank to the Blackstone Group for $1.73 billion. The current owner must get approval from the Nevada Gaming Commission Thursday morning to transfer the Cosmopolitan’s gaming licenses to the new owner.

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