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The sale marks the end of an era for a Polynesian-themed property built by former casino mogul Steve Wynn and credited with helping transform Las Vegas from a gambling hub into an ultra-luxury resort destination with broader appeal.Hard Rock Racing Hack Mod APK Get Unlimited Coins Cheats Generator IOS Android New York-based VICI owns properties and leases them back to hospitality and entertainment operators. Hard Rock International also entered into a long-term lease agreement with VICI Properties Inc., a real estate investment trust that acquired MGM Resorts properties this year in a $17.2 billion deal with MGM Growth Properties, a publicly traded landowner of holdings in eight states. “The process … ultimately will dramatically reimagine every aspect of the resort and change the Las Vegas skyline with the addition of a guitar-shaped hotel tower,” the company promised. “We’re thrilled to welcome Hard Rock to the neighborhood and wish them all the very best,” Bill Hornbuckle, CEO and president of casino giant MGM Resorts International said in a statement.ĭaily operations “are set to continue under The Mirage brand for the foreseeable future, and all room reservations and group bookings will be honored with no action required by guests or group organizers,” the company said. The deal became official following Nevada Gaming Commission approval at a special meeting Friday. Hard Rock and MGM Resorts announced plans for the operational takeover a year ago. The statement specified there were no immediate plans to close The Mirage or lay off employees. “We are excited to create an integrated resort on the Strip that will make this legendary entertainment community proud,” Allen said. The company has cafes, hotels, casinos and concert properties around the world. LAS VEGAS (AP) - A new operator, Hard Rock International, started running the iconic Mirage resort on the Las Vegas Strip on Monday, following Nevada state gambling regulatory approval for a nearly $1.1 billion sale by former site owner MGM Resorts International, the companies said.įlorida-based Hard Rock International, owned by the Seminole Tribe, said it plans to reshape the property at the center of the glittery Las Vegas Boulevard casino corridor by replacing its volcano attraction with a huge guitar-shaped hotel tower.Ĭompany Chairman Jim Allen said in a statement that the property’s 3,500 employees were absorbed Monday into Hard Rock’s 45,000-member workforce.
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