Hard Rock International has announced an agreement to acquire the operations of The Mirage Las Vegas, both the casino and hotel, from MGM Resorts International. The deal is subject to regulatory approvals and other customary closing conditions. Hard Rock plans to use this acquisition to build an iconic Guitar-shaped Hotel which will be located on Las Vegas Strip, which could mean demolishing the iconic casino and the famous Mirage volcano attraction. Hard Rock will pay $1.075 billion in cash for the operating assets of The Mirage Las Vegas Hotel and Casino. The iconic hospitality and entertainment brand will enter into…

MGM Resorts brought on over $2.7 billion in revenue for the third quarter of this year. However, the company still wants to sell their Mirage Casino and Hotel property on the Las Vegas Strip. Their announcement does come as a bit of a surprise if you consider the earnings report they just released showed revenue growth of 140%. Also, MGM Resorts did just purchase the operational rights to The Cosmopolitan property on the Strip at City Center. Their CEO, Bill Hornbuckle, stated that MGM had another strong quarter which was primarily due to domestic operations, adding that the results showed…

This week’s gambling news finds that the loosening of restrictions on Las Vegas casinos has several (MGM properties) making the decision to return to 24 hour, 7 day a week service. Meanwhile, the Virgin Las Vegas Hotel and Casino has set a new opening date, and even some Las Vegas shows are reopening with the expanding capacity limits. We also say goodbye to Full Tilt Poker, as PokerStars is closing the brand.   Hello, friends! Thanks so much for joining me on another edition of This Week in Gambling! And hey, couldn’t we all use some good news right about…