Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Business

The Mirage casino, which ushered in an era of Las Vegas Strip megaresorts in the ’90s, is closing

by May 18, 2024
May 18, 2024
The Mirage casino, which ushered in an era of Las Vegas Strip megaresorts in the ’90s, is closing

LAS VEGAS — The iconic Mirage hotel-casino on the Las Vegas Strip will shut its doors this summer, the end of an era for a property credited with helping transform Sin City into an ultra-luxury resort destination.

The July 17 closure will clear the way for major renovations and construction on the 80-acre (32-hectare) property, which is to reopen in 2027 as the Hard Rock Las Vegas, featuring a hotel tower in the shape of a guitar soaring nearly 700 feet (about 210 meters) above the heart of the Strip.

“We’d like to thank the Las Vegas community and team members for warmly welcoming Hard Rock after enjoying 34 years at The Mirage,” Jim Allen, chairman of Hard Rock International, said Wednesday in a statement announcing the closure.

It will be the second time this year that a Strip casino shutters. The Tropicana Las Vegas closed in April after 67 years to make room for a $1.5 billion baseball stadium planned as the future home of the relocating Oakland A’s.

Developed by former casino mogul Steve Wynn, the Mirage opened with a Polynesian theme as the Strip’s first megaresort in 1989, spurring a building boom on the famous boulevard through the 1990s.

Its volcano fountain was one of the first sidewalk attractions, predating the Venetian’s canals and the Bellagio’s dancing fountains. It was known as a venue where tourists could see Siegfried and Roy taming white tigers or a Cirque du Soleil act set to a Beatles soundtrack.

The final curtain on the Beatles-themed show, which brought Paul McCartney and Ringo Starr back together for public appearances throughout its 18-year run, also comes down in July.

Hard Rock International said Wednesday that more than 3,000 employees will be laid off and it expects to pay out $80 million in severance.

The Culinary Workers Union, which has represented about 1,700 employees at the Mirage since it opened, said in a statement that the contract it won last year ensures laid-off workers will get $2,000 for each year of service. The contract also gives them the option of being called back to work and maintaining their seniority when the hotel reopens.

“Culinary Union will continue to ensure workers are protected and centered in the property’s future,” the statement said.

The Mirage became the first Strip property to be run by a Native American tribe in 2022, after Hard Rock International, which is owned by the Seminole Tribe of Florida, purchased it from MGM Resorts in a cash deal worth nearly $1.1 billion.

Hard Rock said at the time that the property would remain open and operate under the Mirage brand for several years while it finalized renovation plans.

The Mirage is accepting no bookings for after July 14 and said any reservations past that date will be canceled and refunded.

This post appeared first on NBC NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
MEM TV: Here’s How to Trade Explosive Stocks After Earnings
next post
Wayfair to open its first large store, as physical locations make a comeback

Related Posts

Americans are starting to feel better about the...

December 9, 2023

Boeing expects a 2024 cash burn, slow recovery...

May 25, 2024

Cargo thieves are attacking the U.S. supply chain...

May 11, 2025

Amazon and Nvidia say AI data center demand...

April 25, 2025

Subway is adding deli slicers to give customers...

July 6, 2023

Tiger Woods announces split with Nike, leaving brand’s...

January 9, 2024

Rite Aid chain reportedly could sell up to...

September 28, 2023

Sam Bankman-Fried sentenced to 25 years in prison...

March 29, 2024

Nationwide coordinated retail crime crackdown results in hundreds...

June 5, 2025

Bumble shares jump 26% as dating company plans...

June 27, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

    • Q2 2025 Interim Financial Statements

    • Horn Island Mining Lease Application Registered

    • Gold Majors Ride Price Surge to Strong Q2 Earnings

    • 1911 Gold Corporation Engages Suzette Ramcharan for Investor Relations Services

    • Blue Sky Uranium Closes 3rd and Final Tranche of Non-Brokered Private Placement

    Categories

    • Business (1,332)
    • Investing (2,780)
    • Politics (3,699)
    • Stocks (1,759)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved