The iconic Mirage casino in Las Vegas will close in July after over three decades, making way for a rebranding under Hard Rock International. Hard Rock will construct a nearly 700-foot tall guitar-shaped hotel tower on the site, similar to their property in Florida. Over 3,000 Mirage employees will lose their jobs due to the closure, with Hard Rock paying $80 million in severance. The new resort will employ over 6,000 when complete. The Mirage's nightly volcano eruptions provided free entertainment on the Strip and inspired attractions at other casinos.
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00:00 It's Benzinga and here's what's on the block.
00:02 The iconic Mirage Casino in Las Vegas will close in July after over three decades making
00:07 way for a re-branding under Hard Rock International.
00:11 Hard Rock will construct a near 700-foot-tall, guitar-shaped hotel tower on the site, similar
00:15 to their property in Florida.
00:17 Over 3,000 Mirage employees will lose their jobs due to the closure, with Hard Rock paying
00:21 $80 million in severance.
00:23 The new resort will employ over 6,000 when complete.
00:26 The Mirage's nightly volcano eruptions provided free entertainment on the strip and inspired
00:30 attractions at other casinos.
00:32 For all things money, visit Benzinga.com.
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