Hard Rock International has updated investors, noting that it has no intentions to close down The Mirage in the short term following Las Vegas media reports claiming the contrary.
Reports circulated that Hard Rock, which agreed to purchase The Mirage back in 2021, was set to close the hotel and casino while redevelopment projects would take place.
However, the new resort operator moved quickly to snub those reports, noting that it would, for now, keep operating The Mirage as usual.
On Dec 7, Hard Rock International Chairman James Allen told the Nevada Gaming Control Board that The Mirage would remain open during 2023.
Yet, Allen did admit that The Mirage could close sometime during mid-2024, telling the board: “We do not have definitive plans to close the property at this time, but for full transparency, that could be an option a year and a half down the road.”
Hard Rock maintains that it will redevelop The Mirage into the Hard Rock Hotel & Casino Las Vegas, with the building turning into the classic Hard Rock guitar shape.
Further plans for the building will be disclosed in late 2023 as Hard Rock continues to develop its strategy for the transformation of the business it agreed to acquire last year.
Hard Rock first agreed to purchase The Mirage from MGM Resorts International for $1.075bn in December 2021, with the deal ensuring that all 3,500 staff members incorporate into the business.
Last week, the Nevada Gaming Control Board unanimously recommended that the Nevada Gaming Commission should approve the firm’s licensure and acquisition of The Mirage, with full confirmation still outstanding.
Hard Rock stated: “This marks another milestone in a year’s long process as Hard Rock International seeks all appropriate regulatory approvals in the closing of this historic transaction.”