The Mirage closes in Las Vegas to make way for Hard Rock Guitar Hotel [CNBC]
MGM Resorts International (MGM)
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Source: CNBC
The latest turnover in Las Vegas marks a new chapter for the destination city, where sports and entertainment are a bigger draw than the gambling for tourists. Hard Rock International Chairman Jim Allen told CNBC he's humbled and feels fortunate to be remaking the legendary integrated resort. “When Steve and Elaine Wynn opened the Mirage in December of 1989, it changed not just Las Vegas, but it changed the way people look at gaming. It became a true destination,” Allen said. The Mirage was the Wynns' first megaresort, the largest hotel in the world at that point. This week, Steve Wynn wrote a tribute to the ground-breaking property, as reported in the Las Vegas Review-Journal “In the prior 16 years, no completely new hotel had been built in Las Vegas,” Wynn wrote. “However, in the next decade following the 1989 arrival of Mirage, we rushed into a virtual doubling of the town's capacity and became the fastest growing city in America. To call The Mirage a catalyst would be an
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MGM
Earnings
- 7/31/24 - Beat
MGM
Sec Filings
- 10/8/24 - Form 4
- 10/8/24 - Form 4
- 10/8/24 - Form 4
- MGM's page on the SEC website