- Hard Rock International, owned by the Seminole Tribe of Florida, announced an agreement to acquire The Mirage Hotel and Casino fr om MGM International for $1.075 billion on Monday.
- The Seminole Tribe will become the first tribal operator on the Las Vegas Strip and just the third tribal operator in Nevada.
- The company will build another iconic guitar-shaped venue on the plot.
LAS VEGAS – Hard Rock International, owned by the Seminole Tribe of Florida since 2007, announced an agreement to acquire the operational rights from MGM International for The Mirage Hotel and Casino on Monday.
With a prominent location, the acquisition of The Mirage Hotel and Casino will make the Seminole Tribe’s Hard Rock Casino the first tribal gambling operator on the Las Vegas Strip. They are also just the third tribal-run legal Nevada gambling establishment.
According to the company’s press release Monday, Hard Rock International will pay $1.075 billion for the acquisition.
Hard Rock International also says they plan to build one of the chain’s iconic guitar-shaped hotels wh ere The Mirage currently stands. The company plans to enter into an extended-term lease agreement with VICI Properties for the nearly 80-acre property.
According to Jim Allen, Chairman of Hard Rock International, the company plans to keep the existing workforce for The Mirage Hotel and Casino.
“We are honored to welcome The Mirage’s 3,500 team members to the Hard Rock family,” Allen said. “When complete, Hard Rock Las Vegas will be a fully integrated resort welcoming meetings, groups, tourists and casino guests from around the world to its nearly 80 acre center-Strip location.”
Once the transaction clears the necessary legal sports betting regulatory approvals, Hard Rock International can begin the process of converting the property to a sportsbook at Seminole Hard Rock Hotel & Casino.
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Jerad has been a welcomed addition to the LegalSportsBetting.com writing team. Covering topics regarding the expansion of sports betting in the US, Jerad focuses on legislative efforts, bill signings and other methods for sports betting legalization. Finishing his education as a college baseball player, Jerad has first-hand knowledge of competitive sports, paired with years of personal sports betting as well. As a political science major at the University of Central Florida, Jerad covers the political, legal, and legislative aspects of sports gambling without any issues.