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Announced

Completed

Hard Rock International completed the acquisition of The Mirage Hotel and Casino from MGM Resorts International for $1bn.

Financials

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Transaction Value£811m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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casino hotels

Private

Domestic

United States

Friendly

boutique hotel

Hotels and Motels

Acquisition

Majority

Single Bidder

Completed

Synopsis

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Hard Rock International, a hospitality and entertainment company, completed the acquisition of The Mirage Hotel and Casino, a hotel and casino, from MGM Resorts International, a hotel and casino chain operator, for $1bn. "We are honored to welcome The Mirage's 3.5k team members to the Hard Rock family. 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," Jim Allen, Hard Rock International Chairman.

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