LAS VEGAS, May 7, 2019 — Hakkasan Group and MGM Resorts International, two leading hospitality companies, announced today that the management agreements between them for Stack at The Mirage; Fix, Yellowtail, and Lily Lounge at Bellagio, as well as Alibi Ultra Lounge and Herringbone at ARIA, will end effective May 31, 2019. These venues will continue to operate under MGM Resorts' control.
Hakkasan Group will continue to manage JEWEL Nightclub and Liquid Pool Lounge at ARIA, 1OAK Nightclub at The Mirage, Wet Republic Ultra Pool, Level Up at MGM Grand as well as the Hakkasan Group-owned venue Hakkasan Nightclub and Restaurant.
The strategic transaction will allow Hakkasan Group to develop further dining and lounge concepts for the future unrestricted by exclusivity within Las Vegas.
"Hakkasan Group's continued focus is on strategic global expansion in key destinations around the world, and we look forward to bringing new hospitality concepts to market," Michael Ryan-Southern, Chief Financial Officer of Hakkasan Group said. "We'd like to thank MGM Resorts International for the successful partnership and look forward to our continued path together."
Ari Kastrati, Senior Vice President of Food & Beverage Strategy, said, "Hakkasan Group is an outstanding partner and we look forward to our continued collaboration with them. Moving forward, as we bring the management of Stack, Fix, Yellowtail, Lily, Alibi and Herringbone, including all employees, under the MGM Resorts umbrella, we will be focused on a seamless transition and continuing to deliver unparalleled experiences for our guests."
