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The Mirage was the first megaresort to open on the Las Vegas Strip, and its success prompted a building boom in the 1990s for other large resorts along the Strip. The Mirage opened with several non-traditional attractions for a Las Vegas casino, including animal habitats for dolphins and tigers, and an indoor tropical forest display.
The Mandalay Bay Tram is a 2,749-foot-long (838 m) people mover that opened on April 9, 1999 on the Las Vegas Strip in Paradise, Nevada.It was constructed to connect three gaming hotels belonging to the MGM Mirage Group. [3]
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.
He opened a resort, The Mirage, on the southern portion of the land in 1989. Wynn had always wanted to build a second casino on the remaining acreage, which was being used as a parking lot for the Mirage. [3] Wynn's company, Mirage Resorts, announced the Treasure Island project on October 30, 1991. Like other new resorts in Las Vegas, Treasure ...
The agreement called for MGM Mirage to pay $4.8 billion and to assume $2.5 billion in debt. [20] The transaction was completed on April 25, 2005 for $7.9 billion. [21] [22] MGM executives were confident that antitrust regulators would not require the sale of any of the two companies' properties. [23]
The Mirage opened in 1989 and was acquired by MGM Resorts in 2000. The property is known for its entertainment options and 90-foot Strip-side volcano.
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