MGM Resorts International is selling operations of The Mirage Hotel & Casino to Hard Rock International. The deal is worth $1.075 billion and is expected to provide about $815 million in net cash proceeds, MGM says.
It marks ‘the monetization of our entire real property portfolio’ Paul Salem, MGM’s chairman said. MGM has owned The Mirage for 21 years and put it up for sale last month.
Hard Rock says it plans to rebrand the property.
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