Hard Rock International acquired The Mirage hotel and casino from MGM Resorts earlier this week. Also, the acquisition occurred after the Nevada Gaming Control Board recommended it. In addition, Hard Rock denied The Mirage Closure rumors. It claimed it had no plans to discontinue the hotel and casino operation.
HRI purchased The Mirage from MGM Resorts for a hefty $1.08 billion. The original agreement was made in December 2016. The NGCB had previously recommended that the Nevada Gaming Commission grant Hard Rock a license and allow the company to purchase The Mirage. Still, that decision was reversed earlier this week.
According to gambling software reviews and news sites, it was a giant leap forward for Hard Rock. Although the Nevada Gaming Commission is expected to award final clearance sealing the billion-dollar purchase transaction at a meeting scheduled for December 22, the deal is still likely to be finalized by the year’s end.
The Mirage Closure Rumors
When HRI announced its intention to purchase The Mirage, it also shared plans for the resort’s renovation. Hard Rock, however, stated Thursday that there are currently no plans to shutter The Mirage. Instead, according to the dominant operator, renovations to the site might begin as late as 2023 or as early as 2024. After that, they can open a sportsbook in the casino.
According to sportsbook software reports, HRI chairman James Allen assured the NGCB that there were no plans to shutter the property. Thus, Allen did not wholly rule out the possibility of a short-term shutdown sometime around the middle of 2024.
After the sale is finalized and construction on The Mirage’s expansion and renovation begin, HRI hopes to establish a brand-new landmark there. According to the company’s projections, slot machines will double from 800 to 2000, while table games will multiply from 51 to 212. However, Hard Rock did say that further information on the resort’s makeover will be released at the end of 2019.