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MGM Resorts Selling The Mirage In Las Vegas For $1.08 Billion

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deadline.com

A volcanic change is coming to the Strip.MGM Resorts International said Monday that it will sell the operations of the Mirage hotel and casino in Las Vegas — home of the 90-foot erupting volcano — to Hard Rock International for roughly $1.08 billion.

The all-cash deal is expected to close later next year.MGM Resorts acquired the Polynesian-themed property in 2000, when it bought Steve Wynn’s Mirage Resorts for some $4.4 billion.

Opened in 1989, the 3,044-room was the first new resort on the Las Vegas Strip in 16 years. The Mirage’s legacy includes housing Sin City’s first Siegfried & Roy show, hosting headliner Danny Gans for nearly a decade and staging Cirque du Soleil show The Beatles Love since 2006.The Hard Rock Hotel in Vegas closed

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