The Mirage Hotel & Casino
Hard Rock Completes Acquisition of The Mirage Hotel & Casino From MGM for $1.075B
December 20, 2022
LAS VEGAS, Dec. 20, 2022 -- Hard Rock International (HRI) on Friday received regulatory approval from the Nevada Gaming Commission for its acquisition of The Mirage Hotel & Casino from MGM Resorts International. HRI assumed operations control of the property as of 6 a.m. Monday, December 19. Under terms of the transaction, HRI paid $1.075 billion in cash for the operating assets of The Mirage Hotel & Casino. HRI entered into a long-term lease agreement with VICI Properties Inc. for the real estate property of The Mirage. The 3,044-room casino resort will continue to operate as The Mirage Hotel & Ca...
VICI Properties Inc. Enters Into Agreements Relating to the Mirage Hotel & Casino in Las Vegas
VICI Properties | December 14, 2021
NEW YORK, NY - December 14, 2021 - VICI Properties Inc. (“VICI Properties” or “VICI” or the “Company”) announced today that, in connection with MGM Resorts International’s (“MGM Resorts”) agreement to sell the operations of The Mirage Hotel & Casino (the “Mirage”), located in Las Vegas, NV, to Hard Rock International (“Hard Rock”), VICI has agreed to enter into a new separate lease with Hard Rock related to the operations of the Mirage (the “Mirage Lease”) and also enter into an amendment to the Master Lease to be made by and between VICI Properties and MGM Resorts (the “MGM Master Lease”). The transac...
MGM to Sell Operations of The Mirage to Hard Rock for $1.075 Billion
MGM Resorts International | December 14, 2021
LAS VEGAS, NV - December 14, 2021 - MGM Resorts International ("MGM Resorts" or the "Company") (NYSE: MGM) today announced it has reached an agreement to sell the operations of The Mirage Hotel & Casino ("The Mirage") to Hard Rock International ("Hard Rock") for $1.075 billion in cash, subject to customary working capital adjustments. "This transaction is a significant milestone for MGM Resorts, and for Las Vegas," said Bill Hornbuckle, CEO & President, MGM Resorts International. "As part of the team that opened The Mirage in 1989, I know firsthand how special it is, and what a great opportunity it presents to the Hard Rock...
