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MGM Sale Shock & The Billionaire Era of Las Vegas + Rio’s Questionable Buffet!

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MTM Vegas June 3, 2026

This week Shawn is reporting from vacation in Montenegro because the biggest Vegas news in years couldn’t wait — both of the Strip’s largest operators are heading private. Barry Diller’s People Inc. (the former IAC) has made a non-binding offer of $48.30 per share, roughly $18 billion, to take MGM Resorts private, coming right on the heels of Tilman Fertitta’s deal to take Caesars private. So what does a billionaire-owned Strip that’s off Wall Street actually mean for the guest experience? We break the whole thing down.

In other news the Cromwell has officially completed its transformation into the Vanderpump Hotel. We look at the new rooms, the Gigolo cocktail garden, the carpet everyone’s arguing about, and why it’s still the best Caesars property to base yourself at. Plus, is Rio’s new $27 buffet a worthy successor to the legendary Carnival World Buffet? Spoiler: it’s rough.

We also discuss: the headless man at Park MGM, Star Trek: The Experience nostalgia and the mystery of the onion ring tower, Rio’s Hyatt Globalist breakfast and Hyatt’s slipping standards, and what this new era means for the future of Las Vegas.

Shawn Coomer
Shawn Coomerhttps://milestomemories.com/
Shawn Coomer earns and burns millions of miles/points per year circling the globe with his family. An expert at accumulating travel rewards, he founded Miles to Memories to help others achieve their travel goals for pennies on the dollar. Shawn also runs a million dollar reselling business, knows Vegas better than most and loves to spend his time at the 12 Disney parks across the world.

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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