![]() ![]() ![]() The Las Vegas gaming giant will continue using the Mirage brand for three years while leasing out the facilities to Hard Rock as it prepares to finalize its plans to re-brand the Mirage. In the deal, MGM will receive net cash proceeds of around $815 million. Hard Rock and MGM Resorts are expected to close the sale by the second half of 2022, according to CNBC. The Polynesian-themed casino with over 3,000 hotel rooms was sold to MGM Resorts in 2000, the owners ever since, until Monday. ![]() The Mirage cost builder Steve Wynn and his group of investors over $630 million to construct in the late 1980s. But the Mirage casino, which opened in 1989, has remained one of the top places in Sin City to gamble, eat, and stay, thanks in large part to a number of successful renovations over the years. When Bellagio, also an MGM Resorts property, opened the famous Bobby's Room (now Legends Room) inside its poker room in the 2000s, the high-stakes poker games moved a bit south on the Strip. Many of the top players in the 1990s were regulars in the poker room, which closed at the start of the pandemic and hasn't since returned. Mirage is one of the most iconic casinos in town and was once the home to the biggest poker games in Las Vegas. MGM Resorts International sent shockwaves through the Las Vegas casino industry Monday when the company announced the sale of the Mirage to Hard Rock International for $1.08 billion in cash. ![]()
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