The iconic casino on the Las Vegas Strip is likely to close
A long list of iconic (and not-so-iconic) names have come and gone on the Las Vegas Strip.
While Caesars Entertainment’s current lineup (CZR) – Get the report from Caesars Entertainment Inc. and MGM Resorts International (MGM) – Get the MGM Resorts International Report casinos was relatively stable, which has not always been the case on the Strip and in the greater Las Vegas area.
In recent years, the Hard Rock and even a WWE casino have (really) gone without much ceremony, but that hardly compares to the list of names that once stood tall and later (in most cases) imploded. The Dunes met this fate in 1993, while the Sands gave way to the Venetian on the Strip and the old Hacienda became Circus-Circus.
The old Aladdin is now where Caesars Planet Hollywood sits on the Las Vegas Strip, and the burnt-out El Rancho will eventually become the long-awaited Fontainebleau resort. Additionally, Boardwalk and the Stardust – big names in their day – have been razed to make way for something new.
Now a legendary casino name will go down in history (perhaps only to be resurrected on another property) and while something new will emerge on the site, the property may remain closed for a long time. period.
Mirage Set to Close During Hard Rock Transition
MGM sold the Mirage to Hard Rock International at the end of 2021. This transaction is not officially closed, but when it is, you can expect major changes in ownership.
It is already well known that the Mirage Volcano will eventually be closed to make way for a Guitar Hotel, like Hard Rock’s flagship property in the Fort Lauderdale area. The company remained vague about its plans for the Mirage towers, but new details have emerged.
“Looking ahead, Hard Rock also recently announced property expansions in Las Vegas, slated to open in 2025, and Athens in 2026,” Casino.org reported.
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It is likely, but not confirmed by Hard Rock, that Mirage could shut down for an extended period during the renovation.
Employees of one of the major theatrical productions contacted TheStreet earlier this year and shared that they had only been granted one-year contract extensions. They suggested that there would be at least one disruption to their production during construction.
Hard Rock has the right to use the Mirage name for three years royalty free. The property is expected to be rebranded as Hard Rock Las Vegas (or something similar) once construction is complete. The company has not confirmed any plans to close the station or remove the volcano.
Las Vegas loses Mirage, wins guitar hotel
MGM basically traded the Mirage for Cosmopolitan, which it bought around the same time.
“Now, I’ve mentioned in the past that we’re happy with the amount of exposure we currently have in Las Vegas,” Bill Hornbuckle said at the company conference. third quarter earnings call. “As such, we are currently in the early stages of a process to sell Mirage operations. This will allow us to maintain our existing exposure in Las Vegas while focusing on the complementary and diverse nature of our offerings in our hometown.”
Hard Rock, which is the gambling arm of the Seminole Tribe, will become the first Native American tribe to operate a casino on the Las Vegas Strip.
Mohegan Gaming & Entertainment, owner of Mohegan Sun in Connecticut, operates the Virgin Hotels Las Vegas casino while San Manuel Band of Mission Indians of California purchased the off-Strip Palms casino earlier this year.
The newly reopened Palms features more than 700 hotel rooms and suites, multiple casual and upscale dining options, meeting and convention space, a 2,500-seat theater, pool and spa, and Palms condominiums Square. It is also home to a huge range of celebrity chef restaurants. Bobby Flay, Gordon Ramsay, Guy Fieri, Robert Irvine, Wolfgang Puck and “Iron Chef” Michael Symon, who will bring his barbecue brand Mabel’s back to Palms.