The Cosmopolitan Of Las Vegas has become the latest Las Vegas casino to begin charging patrons for parking with The Blackstone Group-owned property reportedly revealing that the move was necessary due to similar moves made by neighboring gambling venues.

According to a report from the Las Vegas Review-Journal newspaper, The Cosmopolitan Of Las Vegas is the 23rd Las Vegas casino to institute such a parking scheme and patrons can now expect to shell out between $7 to $10 a day to self-park their car. There is also a daily valet parking service available, which can run up to $18, while top-tier members of the property’s Identity membership and rewards club can receive free parking.

“Convenience and overall resort guest experience are top priorities at The Cosmopolitan Of Las Vegas,” read a statement from the 2,995-room venue. “Due to the current policy change to paid parking amongst our neighboring resorts, our parking facility has been impacted by non-resort guests’ increased use. These factors have necessitated that we adopt the same policy to ensure access to our actual resort guests.”

The newspaper reported that The Cosmopolitan Of Las Vegas announced last year that it intended to follow twelve Clark County properties owned by MGM Resorts International along with eight Caesars Entertainment Corporation and a pair of Wynn Resorts Limited-owned casinos in implementing a paid parking scheme. It subsequently began installing gates and pay stations in late-March and has decided to utilize its own employees to manage the new parking system.

“The Cosmopolitan [Of Las Vegas] has invested into managing and operating all parking and valet operations in-house by our own “CoStars”, which has resulted in the creation of new employment opportunities as well as the ability to provide a seamless guest service experience from point of arrival to departure,” read the statement from The Cosmopolitan Of Las Vegas.

The Las Vegas Review-Journal reported that The Cosmopolitan Of Las Vegas currently offers four levels of parking beneath its pair of 603-foot towers while there are to be no discounts for Nevada residents, representatives of the military, the disabled or AAA members.

The Cosmopolitan Of Las Vegas features a 110,000 sq ft casino, a 3,200-seat theater and a 150,000 sq ft convention and meeting space and moreover reportedly explained that parking fees could be increased for concerts, special events and some holidays.

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