Hard Rock pays US$1.08bill for MGM’s Mirage

More prominent: The Mirage hotel and casino in Las Vegas. MGM expects to net US$815mil (RM3.4bil) after taxes and fees from the sale, which is expected to close in the second half of next year. — AP

LOS ANGELES: Hard Rock International is buying the Mirage Hotel & Casino from MGM Resorts International for US$1.08bil (RM4.6bil), giving the Florida-based casino chain a prominent place on the Las Vegas Strip.

Hard Rock will lease the Mirage name royalty-free for three years.