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And so we just took a strategic decision to sell it". [69] In December 2021, Hard Rock agreed to purchase the Mirage's operations from MGM Resorts for $1.075 billion. Under the deal, Hard Rock would lease the property from Vici and would rebrand the Mirage as the Hard Rock Las Vegas. MGM would keep the "Mirage" name and license it to Hard Rock ...
Hard Rock buys Mirage Hotel and Casino in Las Vegas from MGM Resorts International for nearly $1.1 billion in cash.
The Mirage Hotel and Casino on the Las Vegas Strip, ... MGM Resorts bought the Mirage from Wynn in 2000 and sold it in 2022 for more than $1 billion to Hard Rock International.
(Reuters) -MGM Resorts International said on Monday it would sell the operations of the Mirage hotel and casino in Las Vegas to Hard Rock International for about $1.08 billion in cash.
The company's background can be traced to 1969, when airline and casino tycoon Kirk Kerkorian bought a controlling stake in the Metro-Goldwyn-Mayer (MGM) film studio. [15] In 1970 and 1971, Kerkorian struggled with debt from his acquisitions of MGM and Western Airlines, and was forced to sell a majority of his casino company, International Leisure, to Hilton Hotels at a steep discount.
Mirage Resorts (formerly Golden Nugget Companies) was an American company that owned and operated hotel-casinos. It was acquired by MGM Grand, Inc. in 2000, forming MGM Mirage (now MGM Resorts International ).
The Mirage’s opening by casino tycoon Stephen A. Wynn in 1989 was hailed as the ushering of a new era of resorts. It was the first strip hotel to open since the MGM Grand in 1973.
In 2000, Steve Wynn agreed to sell Mirage Resorts to MGM Grand, after having led Mirage and its predecessors since 1973. Wynn laid the foundation for his next venture that same year, buying the Desert Inn for $270 million. [5]