![]() The company purchased rights for Hard Rock Hotel & Casino in Las Vegas in May of 2020 and "vowed to bring the iconic brand to the Las Vegas Strip when the right opportunity presented itself. Hard Rock International had no previous involvement with the Hard Rock Hotel & Casino in Las Vegas, HRI stated in its press release announcing the transaction. The transaction is expected to be complete in the latter half of 2022. I want to thank all of our Mirage employees who have consistently delivered world-class gaming and entertainment experiences to our guests for more than three decades." "As part of the team that opened The Mirage in 1989, I know firsthand how special it is, and what a great opportunity it presents to the Hard Rock team. "This transaction is a significant milestone for MGM Resorts, and for Las Vegas," Bill Hornbuckle, CEO & president of MGM Resorts International, stated in the prepared release. The Mirage opened in 1989 and has been operated by MGM Resorts since 2000. John Locher/AP A general view of The Mirage hotel and casino Thursday, May 3, 2018, in Las Vegas. "When complete, Hard Rock Las Vegas will be a fully integrated resort welcoming meetings, groups, tourists and casino guests from around the world to its nearly 80 acre center-Strip location," Allen added. and drop-off areas for MGMs new 75-acre development in Las Vegas, Nevada. HRI chairman Jim Allen said the company is "honored to welcome the Mirage's 3,500 team members to the Hard Rock family." Mirage is just one of the number of sales that have happened in Las Vegas in recent years. For MGM Mirage Design Group, Field Operations designed a series of unique. The acquisition is part of Hard Rock International's long-term plans to "build an iconic Guitar-shaped Hotel which will be located on the famous Las Vegas Strip," the company stated. MGM expects to profit $815 million from the deal. ![]() ![]() MGM will retain The Mirage name and brand but license it to Hard Rock royalty-free for three years "while it finalizes its plans to rebrand the property," the company stated. Learn More The Formula 1 Las Vegas Grand Prix Coming November 2023, sign up today for exclusive access to be a part of the full-throttle weekend. ![]() Learn More Pools & Cabanas Pool season is here. Hard Rock will acquire operations of the hotel casino for $1.075 billion cash, according to MGM, and will enter into a separate long-term lease agreement for the real estate property with VICI Properties, Inc. Download the MGM Resorts App to access digital key, mobile check-in and more. LAS VEGAS (KTNV) - MGM Resorts International and Hard Rock International have reached an agreement regarding rights to operate The Mirage, the companies announced on Monday. ![]()
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