![]() ![]() It was built by Las Vegas visionary Steve Wynn at a cost of $630 million. At the time it was built, The Mirage was the most expensive casino-hotel in history. The Mirage has a storied history in Las Vegas. Hopefully, ventriloquist Terry Fator can pull some strings and stick around. There are also plans for a major renovation and rebrand at Monte Carlo Las Vegas, including a new name for the hotel. The company has invested heavily in the new MGM-AEG arena, a 5,000-seat concert theater and The Park, a new shopping and entertainment district. The sale of The Mirage comes as MGM Resorts International is shaking things up in a big way on the other end of The Strip. Paragon Gaming managed Riviera’s casino for two years prior to the Riviera closing on May 4, 2015. ![]() Once the sale of The Mirage is complete, the casino will be managed by Paragon Gaming, the company which took over operations of Westgate Las Vegas after the sale and closure of the Riviera. You’re not going anywhere, lucky mermaid. Those same experts note, “MGM has taken its international marketing team and players out of The Mirage.” That’s a huge “tell” for any Strip casino. ![]() We’re betting it will be “many millions of dollars.” Experts are guessing between $1.2 and $1.4 billion. Rumors are swirling that The Mirage, owned by MGM Resorts International, will be purchased by Starwood Capital Group, former owners of the now-closed Riviera for an undisclosed sum. There’s been no official confirmation of the sale, but that’s never stopped us from sharing such news in the past! (Suck it, journalism.) Jump to the bottom of this post for updates.) That date has come and gone, and lots of other things have transpired, too. (Note: We originally reported an announcement of the sale would be made within three weeks of this story being reported. Another Las Vegas hotel bombshell is about to drop: The Mirage Las Vegas will soon be sold. ![]()
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