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Casino giant MGM Resorts International said Monday, Dec. 13, 2021, that it is selling operations of The Mirage hotel on the Las Vegas Strip to Hard Rock International in a cash deal worth almost ...
- MGM Sells Out of The North Side
- How MGM Resorts Unlocks Its Value
- The Digital Tie For MGM Resorts
The center of gravity for MGM Resorts has always been the south side of the Las Vegas Strip. Until recently, however, the company had competitors in-between some of its properties. It didn't own the Cosmopolitan and only owned half of CityCenter. In 2021, it acquired all of those properties and now controls almost all of the land from the Bellagio ...
There are two primary customer segments on the Las Vegas Strip. The first is vacationers, who primarily visit on weekends. Having properties near each other that share a rewards system and can cross-sell experiences could help the company keep revenue in the MGM ecosystem. MGM is also part-owner of the T-Mobile Arena, which sits behind New York-New...
Let's not forget that MGM Resorts' online betting business, called BetMGM, is gaining market share in the U.S. and could be another driver to the company's properties. M life Rewards, MGM's rewards program, has partnered with BetMGM to allow wagers online to earn real-world benefits. Tying a critical mass of properties with a popular online gamblin...
- Travis Hoium
Nov 4, 2021 · MGM Resorts is putting the Mirage resort and casino in Las Vegas up for sale, ending a 21-year ownership of one of the strip’s most famous properties.
Nov 3, 2021 · Wednesday, Nov. 3, 2021 | 3:29 p.m. MGM Resorts International has announced plans to sell the casino and resort operations of the Mirage on the Las Vegas Strip. In a letter to MGM employees dated ...
Dec 14, 2021 · George Rose/Getty Images. Hospitality company Hard Rock International has bought The Mirage Hotel and Casino in Las Vegas from MGM Resorts International for approximately $1.08 billion, the ...
Jul 17, 2024 · “The Mirage made an entire gaming industry better,” said Joe Lupo, who has been the resort’s general manager since Hard Rock Entertainment acquired operations of the property from MGM Resorts International in 2022 for $1.1 billion. The property will undergo a three-year renovation and rebrand into the Hard Rock Las Vegas.
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Jul 18, 2022 · On July 29, MGM will release their first film since being acquired by Amazon earlier this year. Thirteen Lives, a Ron Howard drama about the 2018 Thai cave rescue, is getting a limited theatrical run before it heads to Amazon Prime on August 5. It’s a sorry state of affairs for a studio that was one of the original “Big Five.”.
