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FILE - The Mirage Hotel and Casino is seen in Las Vegas, on May 3, 2018. A new operator, Hard Rock International, is now running the iconic Mirage resort on the Las Vegas Strip.
In December 2021, Hard Rock agreed to purchase the Mirage's operations from MGM Resorts for $1.075 billion. Under the deal, Hard Rock would lease the property from Vici and would rebrand the Mirage as the Hard Rock Las Vegas. MGM would keep the "Mirage" name and license it to Hard Rock for up to three years, until the rebranding takes effect.
(Reuters) -MGM Resorts International said on Monday it would sell the operations of the Mirage hotel and casino in Las Vegas to Hard Rock International for about $1.08 billion in cash.
MGM Resorts bought the Mirage from Wynn in 2000 and sold it in 2022 for more than $1 billion to Hard Rock International. ... The Hard Rock said it will pay more than $80 million in severance.
The company's background can be traced to 1969, when airline and casino tycoon Kirk Kerkorian bought a controlling stake in the Metro-Goldwyn-Mayer (MGM) film studio. [15] In 1970 and 1971, Kerkorian struggled with debt from his acquisitions of MGM and Western Airlines, and was forced to sell a majority of his casino company, International Leisure, to Hilton Hotels at a steep discount.
The Hard Rock Hotel and Casino was a resort located near the Las Vegas Strip in Paradise, Nevada, United States.It now operates as Virgin Hotels Las Vegas.The resort is located on 16.7 acres (6.8 ha) [1] on the corner of Harmon Avenue and Paradise Road, about a mile east of the Las Vegas Strip. [2]
The company was formed on October 23, 2015. [1]On April 25, 2016, the company became a public company via an initial public offering and acquired The Mirage, Mandalay Bay, Luxor Las Vegas, New York-New York Hotel and Casino, Monte Carlo Resort and Casino, Excalibur Hotel and Casino, The Park, Gold Strike Tunica, MGM Grand Detroit, and Beau Rivage from MGM Resorts International.
Cirque announced on Tuesday that the show housed at the Mirage will end on July 7, part of the iconic hotel-casino's major renovation plan to rebrand itself into the Hard Rock Las Vegas. Stéphane ...