USA: Mega Deal in Las Vegas – Hard Rock International Acquires The Mirage Hotel & Casino
© ©Hard Rock International
The Mirage Casino and Hotel (Mirage) in Las Vegas is arguably one of the city’s or maybe even the world’s most popular gambling and entertainment destinations – more likely an institution – not least thanks to the long-running show by the magician duo Siegfried and Roy. It has now been announced that the hotel and casino, which are managed by MGM Resorts, will be acquired by Hard Rock International, subject to regulatory approvals and other customary closing conditions – with a takeover sum of 1.075 billion US dollars (approx. 952 million euros) an absolute mega deal. In addition to the renaming of the existing building to “Hard Rock Hotel & Casino Las Vegas“, another Hard Rock hotel in the shape of a guitar (see picture) is to be built in the immediate vicinity. For the acquisition of the property of the Mirage, a long-term lease agreement will be entered with VICI Properties Inc.
“We are honored to welcome The Mirage’s 3,500 team members to the Hard Rock family. 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 [approx. 32,3 hectares] center-Strip location,” said Jim Allen, Chairman of Hard Rock International.
Hard Rock International operates a total of 249 locations that include owned/licensed or managed hotels, casinos, Rock Shops®, live performance venues and cafes in 67 countries. (eap)
