Las Vegas Strip's Mirage Won't Close When New Owner 'Guts' Resort/Casino
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Hard Rock International is buying the Mirage from MGM Resorts International for $1 billion. The new owner plans to build a new Guitar Hotel on the property. Caesars Entertainment - Get Free Report has transformed its Ballys into a Horseshoe without closing the current property, which is a feat for a project of this scale.
New owner of Mirage wants to gut the resort and close it. CEO of Hard Rock International says they are not closing the building. The deal with MGM is expected to close before Christmas. Hard Rink will extend the "Beatles: Love" Cirque du Soleil show for the long term. It will close the Mirage Volcano, a famous free attraction on the Strip. Siegfried and Roy's Secret Garden attraction has already closed.
Hard Rock is moving to the Las Vegas Strip and plans to build a 700-foot tall all-suites resort. The company will keep the Mirage name on the property for up to three years. BetMGM will continue to run the casino on this property.
