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Hard Rock to acquire The Mirage for $1bn

Hard Rock to acquire The Mirage for $1bn

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Hard Rock International has entered into a deal with current owners MGM Resorts International to acquire the operation of The Mirage Hotel & Casino in Las Vegas.

Hard Rock has agreed to pay $1.075bn in cash for the operating assets of The Mirage and will also enter into a long-term lease agreement with the property’s owner, VICI Properties.

“We are honoured to welcome The Mirage’s 3,500 team members to the Hard Rock family,” said Jim Allen, Chairman of Hard Rock International. “When complete, Hard Rock Las Vegas will be a fully integrated resort welcoming meetings, groups, tourists and casino guests from around the world to its nearly 80-acre centre-Strip location.”

Hard Rock International operates in 67 countries across the world, with 249 locations covering a range of interests that includes owned and/or licensed or managed hotels, casinos, retail shops, live performance venues and bars/cafes. The company also owns Hard Rock Digital, an online sportsbook, retail sportsbook and online gaming platform company.