Hard Rock Las Vegas
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Hard Rock International, the legendary hospitality and entertainment company, today announced its agreement to acquire the operations of The Mirage Hotel and Casino in Las Vegas from MGM Resorts International, subject to regulatory approvals and other customary closing conditions. Through the acquisition, Hard Rock plans to build an iconic Guitar-shaped Hotel which will be located on the famous Las Vegas Strip.

HRI will pay $1.075 billion in cash for the operating assets of The Mirage Hotel and Casino, subject to customary working capital adjustments. The iconic hospitality and entertainment brand will enter into a long-term lease agreement with VICI Properties Inc. for the real estate property of The Mirage.

"We are honored 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 center-Strip location."

https://www.prnewswire.com/news-releases/hard-rock-international-announces-agreement-to-purchase-the-mirage-las-vegas-hotel-and-casino-301443577.html

Hard Rock International has agreed to buy the operations of the Mirage casino on the Las Vegas Strip from MGM Resorts International MGM -2.58% for nearly $1.1 billion with plans to build a giant guitar-shaped hotel on the glitzy boulevard.

The deal with Hard Rock, owned by the Seminole Tribe of Florida, is the latest of several financial transactions on the Strip, which was hit hard during the pandemic closures but has seen a tourism rebound. The sale of the Mirage operations is expected to close in the second half of 2022, pending regulatory approvals.

Source: https://www.wsj.com/articles/hard-rock-to-buy-mirage-casino-on-las-vegas-strip-for-1-1-billion-11639441304?mod=djemalertNEWS