In a city built on luring tourists with cheap thrills and free cocktails, a big part of the Las Vegas Strip will soon slash away its most basic freebie: parking.
MGM Resorts International will announce Friday that it will become the first major casino company to start charging visitors for parking this year, a move that could bring in millions of dollars of revenue annually and change the landscape of the tourism hotspot that is increasingly catering to visitors who come for other pricey attractions besides gambling.
The move is a dramatic departure for both local residents and drive-in visitors who have grown accustomed to enjoying the perk of free parking when most big city venues attach a fee.
The largest hotel-casino operator in Sin City told The Associated Press that it will charge $10 or less for overnight self-parking at most of its Strip properties starting this spring, coinciding with the April opening of the company’s T-Mobile Arena.
The Las Vegas-based company has 35,310 rooms and 37,000 parking spots on the Strip, which come at a premium during major events. The parking fees will come at Mandalay Bay, Delano, Luxor, Excalibur, Monte Carlo, New York-New York, Vdara, Aria, Bellagio, The Mirage and MGM Grand.
Valet parking will cost more, but some parking at the Circus Circus hotel and the Crystals and Mandalay Bay Place shopping centers will still be free.
The company did not provide details on short-term parking fees and said its other properties, in Mississippi, Michigan and China, won’t be affected. Parking at some hotels will be cheaper than others, and Clark County residents will get a grace period.