The Trader Harbor
  • Business
  • Politics
  • World News
  • Stocks
  • Business
  • Politics
  • World News
  • Stocks

The Trader Harbor

World News

The Mirage casino, which ushered in an era of Las Vegas Strip megaresorts in the ’90s, is closing

by admin May 18, 2024
May 18, 2024
The Mirage casino, which ushered in an era of Las Vegas Strip megaresorts in the ’90s, is closing

LAS VEGAS — The iconic Mirage hotel-casino on the Las Vegas Strip will shut its doors this summer, the end of an era for a property credited with helping transform Sin City into an ultra-luxury resort destination.

The July 17 closure will clear the way for major renovations and construction on the 80-acre (32-hectare) property, which is to reopen in 2027 as the Hard Rock Las Vegas, featuring a hotel tower in the shape of a guitar soaring nearly 700 feet (about 210 meters) above the heart of the Strip.

“We’d like to thank the Las Vegas community and team members for warmly welcoming Hard Rock after enjoying 34 years at The Mirage,” Jim Allen, chairman of Hard Rock International, said Wednesday in a statement announcing the closure.

It will be the second time this year that a Strip casino shutters. The Tropicana Las Vegas closed in April after 67 years to make room for a $1.5 billion baseball stadium planned as the future home of the relocating Oakland A’s.

Developed by former casino mogul Steve Wynn, the Mirage opened with a Polynesian theme as the Strip’s first megaresort in 1989, spurring a building boom on the famous boulevard through the 1990s.

Its volcano fountain was one of the first sidewalk attractions, predating the Venetian’s canals and the Bellagio’s dancing fountains. It was known as a venue where tourists could see Siegfried and Roy taming white tigers or a Cirque du Soleil act set to a Beatles soundtrack.

The final curtain on the Beatles-themed show, which brought Paul McCartney and Ringo Starr back together for public appearances throughout its 18-year run, also comes down in July.

Hard Rock International said Wednesday that more than 3,000 employees will be laid off and it expects to pay out $80 million in severance.

The Culinary Workers Union, which has represented about 1,700 employees at the Mirage since it opened, said in a statement that the contract it won last year ensures laid-off workers will get $2,000 for each year of service. The contract also gives them the option of being called back to work and maintaining their seniority when the hotel reopens.

“Culinary Union will continue to ensure workers are protected and centered in the property’s future,” the statement said.

The Mirage became the first Strip property to be run by a Native American tribe in 2022, after Hard Rock International, which is owned by the Seminole Tribe of Florida, purchased it from MGM Resorts in a cash deal worth nearly $1.1 billion.

Hard Rock said at the time that the property would remain open and operate under the Mirage brand for several years while it finalized renovation plans.

The Mirage is accepting no bookings for after July 14 and said any reservations past that date will be canceled and refunded.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Is This the Magic Upward Break Everybody Was Waiting For?
next post
UAW loses Alabama union vote seen as bellwether for organizing autoworkers in the South

Related Posts

Nvidia CEO Jensen Huang warns China is ‘not...

May 1, 2025

Comcast announces plan to spin off cable channels,...

November 21, 2024

Charter rolls out new Spectrum pricing and internet...

September 18, 2024

Walmart is laying off and relocating hundreds of...

May 16, 2024

Chuck E. Cheese makes a comeback, with trampolines...

January 12, 2025

Microsoft’s mammoth AI bet will lead to over...

October 3, 2024

Home Depot is buying GMS for about $4.3...

July 1, 2025

Social Security Administration to expand access to certain...

May 13, 2024

Richard Parsons, former Time Warner CEO, dies at...

December 28, 2024

Amazon plans to give Alexa an AI overhaul...

May 23, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Bed Bath & Beyond relaunches with first store in Nashville, plans dozens more

      August 10, 2025
    • The Real Drivers of This Market: AI, Semis & Robotics

      August 10, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      August 10, 2025
    • Sydney Sweeney jeans controversy making advertising great again

      August 10, 2025
    • Nagasaki mayor issues chilling warning on 80th anniversary of atomic bombing

      August 10, 2025
    • Kash Patel celebrates major FBI achievements and record seizures during Trump’s first 200 days in office

      August 10, 2025

    Categories

    • Business (1,330)
    • Politics (4,206)
    • Stocks (1,577)
    • Uncategorized (45)
    • World News (1,323)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheTraderHarbor, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thetraderharbor.com | All Rights Reserved