Hard Rock International acquires The Mirage for $1.07bn

Hard Rock International (HRI) has acquired the operating assets of The Mirage Hotel & Casino from MGM Resorts International for $1.07bn in cash.

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HRI has received regulatory approval from the Nevada Gaming Commission for the acquisition, and assumed operations control of the property as of 6am on Monday 19 December 2022.

The 3,044-room casino resort will continue to operate as The Mirage Hotel & Casino until the renovation and rebranding of the venue to the Hard Rock Hotel & Casino Las Vegas is complete, with the process involving the reimagining of every aspect of the resort, including the addition of a Guitar-shaped hotel tower adjacent to Las Vegas Blvd.

“Today, we’d like to officially welcome the 3,500 team members at The Mirage to the 45,000 global Hard Rock family and express our gratitude to the Nevada Gaming Control Board and the Nevada Gaming Commission for approving the gaming licence for us to operate The Mirage Hotel & Casino,” HRI Chairman Jim Allen said on Monday.

“We are excited to create an integrated resort on The Strip that will make this legendary entertainment community proud.”

HRI entered into a long-term lease agreement with VICI Properties for the real estate property of The Mirage, with the former planning to release details of the rebranded and reimagined resort at the end of next year.

“Mirage employees have delivered unparalleled service and experiences over the past three decades, and we are forever thankful for their work to make The Mirage such an iconic, world-class destination,” said MGM Resorts International CEO & President Bill Hornbuckle.

“I’m excited for the opportunities that lay ahead for the property, its people and the entire Las Vegas Strip with this prime location now under Hard Rock’s leadership. We’re thrilled to welcome Hard Rock to the neighbourhood and wish them all the very best.”

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