- By Tribal Business News Staff
LAS VEGAS, Nev. — Seminole Tribe of Florida-owned Hard Rock International received regulatory approval from the Nevada Gaming Commission for its acquisition of The Mirage Hotel & Casino from MGM Resorts International.
HRI assumed operations control of the property as of 6 a.m. Monday, Dec. 19. Under terms of the transaction, HRI paid $1.075 billion in cash for the operating assets of The Mirage Hotel & Casino. HRI entered into a long-term lease agreement with VICI Properties Inc. for the real estate property of The Mirage.
Prior to 2020, Hard Rock International had no previous operational involvement with the former Hard Rock Hotel & Casino in Las Vegas at the off-strip location. HRI purchased the licensing and naming rights for Hard Rock Hotel & Casino Las Vegas in May 2020 and said it would bring the brand to the Las Vegas Strip when the right opportunity presented itself.
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The more than 3,000 -room casino resort will continue to operate as The Mirage Hotel & Casino until the renovation and rebranding of the property to the Hard Rock Hotel & Casino Las Vegas is complete. HRI says it ultimately will reimagine the resort and change the Las Vegas skyline with the addition of a guitar-shaped hotel tower adjacent to Las Vegas Boulevard.
The finalized sale makes The Mirage the first tribally owned hotel to operate on the famed Las Vegas strip.
“Today, we’d like to officially welcome the 3,500 team members at The Mirage to the 45,000 global Hard Rock family and express our gratitude to the Nevada Gaming Control Board and the Nevada Gaming Commission for approving the gaming license for us to operate The Mirage Hotel & Casino,” Hard Rock International Chairman Jim Allen said in a statement. “We are excited to create an integrated resort on The Strip that will make this legendary entertainment community proud.”