MGM Resorts to sell Mirage hotel and casino for $1.08 bln to Hard Rock_老虎社区_美港股上老虎

MGM Resorts to sell Mirage hotel and casino for $1.08 bln to Hard Rock

Reuters2021-12-14

Dec 13 (Reuters) - MGM Resorts International said on Monday it would sell the operations of the Mirage hotel and casino in Las Vegas to Hard Rock International for about $1.08 billion in cash.

The Mirage opened in 1989 and was acquired by MGM Resorts in 2000. The property is known for its entertainment options and 90-foot Strip-side volcano.

The sale is expected to close in the second half of 2022 and is likely to deliver to MGM Resorts net cash proceeds of about $815 million after taxes and fees.

The company will retain the Mirage name and brand, licensing them to Hard Rock royalty-free for up to three years while it finalizes its plans to re-brand the property.

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Annalz
·2021-12-14
wow big news
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Jazzc85
·2021-12-14
Wah [Victory]
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Ghuna
·2021-12-14
Pls.like.
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- char_liew:
  Done
  2021-12-14
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onglaihuat
·2021-12-14
G
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TTrade
·2021-12-14
A like pls. Have a good day.
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- doubleDees:
  ok
  2021-12-14
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- onglaihuat:
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  2021-12-14
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chainer
·2021-12-14
good sale
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