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Money MindHub > Investing > Iconic Las Vegas Mirage Hotel to Shutter After 34 Years
Investing

Iconic Las Vegas Mirage Hotel to Shutter After 34 Years

MoneyMindHub May 17, 2024
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Iconic Las Vegas Mirage Hotel to Shutter After 34 Years
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One other Las Vegas landmark bites the mud.

The Mirage Resort & On line casino, a mainstay on the Las Vegas Strip for 34 years, will probably be shutting down, efficient July 17, to endure a rebranding and renovation estimated to take about three years.

The Mirage, which opened in 1989, is a part of the Wynn model and is taken into account one of many first luxurious resorts on the Strip. The resort was additionally infamously the house of the Siegfried & Roy present.

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“Over the subsequent two months we are going to bid farewell to this iconic and historic property after which we are going to start an unbelievable transformation,” says a discover posted to the on line casino’s official Fb web page. “We wish to thank all workforce members at The Mirage for his or her unbelievable dedication and serving to us present memorable experiences for our company.”

The resort will rebrand because the Laborious Rock Las Vegas. The Laborious Rock at the moment has over 31 resort properties. Laborious Rock Las Vegas is ready to have a 700-foot tower formed like a guitar, much like the model’s Hollywood, Florida location.

MGM Resorts acquired the Mirage in 2000 from Wynn however resold it in 2022 to Laborious Rock Worldwide in a money deal that value an estimated $1.075 billion.

“We might prefer to thank the Las Vegas group and workforce members for warmly welcoming Laborious Rock after having fun with 34 years at The Mirage,” mentioned Jim Allen, Chairman of Laborious Rock Worldwide in an organization launch. “We might additionally prefer to thank the Unions, group leaders, native and state authorities organizations, and the Gaming Fee for his or her assist and truthful negotiations over the previous yr. Additionally, we’re grateful to MGM for aiding with our transition.”

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Laborious Rock pays $80 million in severance packages to laid-off workers. The corporate mentioned it expects the brand new resort to double the variety of jobs the Mirage had and generate an estimated 2,500 development jobs throughout the development and renovation of the brand new resort.

These with bookings at The Mirage previous July 14 will probably be robotically canceled and refunded.

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Reading: Iconic Las Vegas Mirage Hotel to Shutter After 34 Years
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