Hard Rock International Buys The Mirage for $1.07bn
The operating assets of The Mirage Hotel & Casino have been acquired by Hard Rock International (HRI) from MGM Resorts International for $1.07 billion in cash.
The Nevada Gaming Commission gave regulatory approval for the acquisition, which meant that HRI assumed control of the property at 6m on Monday 19 December 2022. The approval came more than a year after the deal was first announced.
The venue will continue to operate as The Mirage Hotel & Casino until it has undergone renovation at which point it will be rebranded to the Hard Rock Hotel & Casino Las Vegas. The entire 3,044-room casino resort will be reimagined and a new guitar-shaped hotel tower will be built next to Las Vegas Boulevard.
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. We are excited to create an integrated resort on The Strip that will make this legendary entertainment community proud.
HRI has reached a long-term lease agreement with VICI Properties regarding The Mirage real estate. It is expected that full details of the rebranding and renovations will be released 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. 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.