31, 2019, The Mirage reported adjusted property earnings before interest, taxes, depreciation, amortization and restructuring or rent costs of $154 million. 'The monetization of our entire real property portfolio, together with the addition of Cit圜enter and our agreement to acquire The Cosmopolitan of Las Vegas, will position the Company with a fortress balance sheet, premier portfolio, and significant financial resources to pursue our strategic objectives.'įor the twelve months ended Dec.

'This announcement marks the culmination of a series of transformational transactions for MGM Resorts during the last several years,' said Paul Salem, chairman of the board of directors, MGM Resorts International. I want to thank all of our Mirage employees who have consistently delivered world-class gaming and entertainment experiences to our guests for more than three decades.' 'As part of the team that opened The Mirage in 1989, I know firsthand how special it is, and what a great opportunity it presents to the Hard Rock team. 'This transaction is a significant milestone for MGM Resorts, and for Las Vegas,' said Bill Hornbuckle, CEO & president, MGM Resorts International. HRI purchased the licensing and naming rights for Hard Rock Hotel & Casino Las Vegas in May 2020 with plans to bring the brand to the Las Vegas Strip in the future. Prior to 2020, Hard Rock International had no previous involvement with the Hard Rock Hotel & Casino in Las Vegas.

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