MGM Resorts CEO and President, Bill Hornbuckle, made the announcement during the operator's Q3 earnings call: “After careful consideration, we have made the decision to sell the operations of The Mirage to another operator, a move we believe is best for the long-term success of both the property and MGM Resorts. We are committed to continuing to maintain and develop our existing Las Vegas portfolio with no plans for other changes on the Strip at this time.
"I want to thank our valued team members at The Mirage for making it such an amazing property and for being excellent ambassadors of MGM Resorts. Please know we have not yet sold the operations of the property to another buyer, so for now and during an eventual transition, it’s business as usual. The Mirage has served us well over the years, and I’m certain it will continue to be a success with a new operator in the future.”
As MGM Resorts' focus has shifted more towards digital gaming, The Mirage ended up falling down the operator’s list of financial priorities.
The sale announcement comes after the operator announced in September its plans to purchase the operations of the Cosmopolitan of Las Vegas.
MGM Resorts also won a bid to become a resort partner to bring a casino to Osaka, Japan. The Cosmopolitan deal was included in a $5.65bn Blackstone sale, which had the gaming company maintaining management rights while the investment firm took over ownership.
