Originally slated to start in April, MGM Resorts International now says it will start charging for parking at most of its Las Vegas casinos on June 6.
The parking fees will be charged at all MGM Resorts International properties along the Las Vegas Strip, except at the Circus Circus casino’s self-parking lot and at the retail shops at the Mandalay Bay casino.
All other operations will start charging between $8 and $10 per day for self-parking and $13 to $18 per day for valet parking, depending on the property, MGM announced. That means parking fees at the MGM Grand, Mandalay Bay, Luxor, New York-New York, Monte Carlo, Aria, Bellagio, and The Mirage casinos.
For those looking to make a quick trip in to lay a wager at a sports book, get a bite to eat, or do some quick shopping, MGM says the first hour will be free.
MGM says it won’t start charging locals for their first 24 hours of parking, until at least December 30. Locals will have to scan their Nevada licenses to get free parking.
Most Downtown Las Vegas casinos also charge for parking, but they typically validate the first three hours.
MGM has placed kiosks at its properties, and most drivers can scan and pay for parking before getting into their cars. That will help to make exits easier and quicker by eliminating the need stop and pay a teller.
MGM initially intended to begin charging for parking fees in April, but the date was pushed back amid the opening of the T-Mobile Arena and companion The Park properties next to the New York-New York casino.
MGM Resorts International CEO Jim Murren estimates the parking fees will generate $93 million in additional revenues for MGM, which recently launched a Real Estate Investment Trust and is looking to maximize shareholder value.
MGM also is planning to being work this year on a new 3,000-space parking ramp behind the Excalibur casino, which is intended to alleviate parking congestion when events are held at the nearby T-Mobile Arena.
MGM says that parking ramp will open next year.
