HRI purchased the licensing and naming rights for Hard Rock Hotel & Casino Las Vegas in May 2020 and said it would bring the brand to the Las Vegas Strip when the right opportunity presented itself. Prior to 2020, Hard Rock International had no previous operational involvement with the former Hard Rock Hotel & Casino in Las Vegas at the off-strip location. for the real estate property of The Mirage. HRI entered into a long-term lease agreement with VICI Properties Inc. Under terms of the transaction, HRI paid $1.075 billion in cash for the operating assets of The Mirage Hotel & Casino. HRI assumed operations control of the property as of 6 a.m.
Seminole Tribe of Florida-owned Hard Rock International received regulatory approval from the Nevada Gaming Commission for its acquisition of The Mirage Hotel & Casino from MGM Resorts International.
