Speaking to members of the press in Las Vegas last month at the Global Gaming Expo, Seminole Gaming CEO and Hard Rock Entertainment Chairman Jim Allen was upfront that the group is eyeing options in town. Some such groups have already publicly expressed their interest in grabbing a spot along the iconic corridor. Hornbuckle didn’t name a price tag for The Mirage or possible buyers, and Reeg has yet to say publicly which property, or properties, Caesars is looking to offload.īarry Jonas, an analyst with Truist Securities, said Friday that there are a “number of regional commercial and tribal players who could make sense to expand to the Strip to scale up their operations and drive cross-property synergies.” We won’t know for sure until things crystalize over the next several months or longer, but the attention now turns to the pool of potential buyers. A day earlier, Caesars Entertainment CEO Tom Reeg said that the company is planning to sell one of its Strip resorts sometime in early 2022. MGM CEO Bill Hornbuckle made a somewhat surprising announcement this past week on a quarterly earnings call that the company is in the “early stages” of selling The Mirage.
(Rachel Aston/Las Vegas Review-Journal) won’t see their listings pop up on Zillow, but at least two Las Vegas gaming giants are currently shopping Strip resorts. The Mirage on the Strip, seen in May 2021.
