In a statement, CEO and president Bill Hornbuckle said that selling the property, which was built by Steve Wynn in 1989, was a bittersweet moment for him.
With that deal, MGM owned the Bellagio, MGM Grand, ARIA, Mandalay Bay, New York-New York, Park MGM, and more, all operating on the Vegas strip, but the news from Monday shrinks that list by one with the removal of The Mirage. With the deal, another iconic Las Vegas strip property transfers hands, and the MGM Vegas stable undergoes another change-less than three months ago, MGM agreed to buy the operations of the Cosmopolitan.
The post-COVID-19 transformation of Las Vegas added another chapter on Monday night when MGM announced that it had reached an agreement to sell the Mirage Hotel & Casino to Hard Rock International for $1.075 billion in cash.
