(New York) The American group MGM Resorts announced Monday that it had sold the operations of the famous hotel and casino Mirage in Las Vegas to the group Hard Rock International for 1.08 billion dollars.
Opened in 1989, the Mirage was bought by MGM in 2000.
Located along the city’s “strip”, the artery at the center of the nightlife of the American gambling capital, it is particularly known for the man-made volcano in front of its entrance, which “erupts” several times every year. evenings.
Under the terms of the agreement, MGM Resorts will retain the rights to the name and brand “The Mirage”, granting a three-year license free of charge to Hard Rock International, also the parent company of the Hard Rock cafes, while it finds a new one. name.
The transaction, subject to the approval of the authorities, is due to close in the second half of 2022. Once the various fees are withdrawn, it is expected to bring in $ 815 million for MGM.