Hard Rock pays US$1.08bill for MGM’s Mirage


More prominent: The Mirage hotel and casino in Las Vegas. MGM expects to net US$815mil (RM3.4bil) after taxes and fees from the sale, which is expected to close in the second half of next year. — AP

LOS ANGELES: Hard Rock International is buying the Mirage Hotel & Casino from MGM Resorts International for US$1.08bil (RM4.6bil), giving the Florida-based casino chain a prominent place on the Las Vegas Strip.

Hard Rock will lease the Mirage name royalty-free for three years.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Hard Rock , MGM , Mirage ,

   

Next In Business News

China pivotal to MNCs' global biz strategy
CMM, BCG publish report on venture capital funding in Malaysia
MMAG granted waiver from GN3 status
I-Berhad posts earnings jump to RM12.94mil in 3Q
EA Technique unit bags three contract extensions with PETRONAS for RM63.9mil
CelcomDigi records 3Q net profit of RM436.98mil, declares 3.6c div/share
FBM KLCI rebounds over 10 points to cross 1,600 level
Thai Q3 GDP grows 3.0 y-o-y, fastest pace in two years
RM11 MAHB privatisation offer provides immediate gains for investors - CIMB
Oil prices edge higher after Russia-Ukraine tensions escalate

Others Also Read