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Home/Banking News/A Famous Hotel and Casino Now Makes A Painful Closure in Las Vegas
Market News Today - A Famous Hotel and Casino Now Makes A Painful Closure in Las Vegas

A Famous Hotel and Casino Now Makes A Painful Closure in Las Vegas

By Frank Nez
July 17, 2024
2
Updated on December 12, 2024

A famous hotel and casino now makes a painful closure in Las Vegas, Nevada after 34 years, leavings fans unsatisfied with its replacement.

Las Vegas locals aren’t looking forward to the Hard Rock Hotel and Casino that will be built over the remains of the historic Mirage hotel.

Wednesday is the last day of business at the iconic Mirage Hotel and Casino.

The 3,000-room hotel will be demolished and replaced with one of Hard Rock’s iconic guitar-shaped buildings.

As the Mirage’s famous volcano erupted for the last time Tuesday night, locals felt bittersweet about the moment.

“It’s sad to see Vegas destroying everything that made Vegas, Vegas,” commented Edgar Tuttle on a video of the final eruption.

“It’s so sad to see a part of Vegas go,” agreed another viewer.

Others were upset that Hard Rock was the company taking over.

“Very bad choice…who wants to see a large guitar over a volcano, really? What was the owner thinking,” commented another Facebook user.

This is the second time the Hard Rock attempts to become a staple on the strip.

The company previously owned a hotel and casino in the city, but it closed in 2020 and was rebranded as Virgin Hotels by Las Vegas.

“Why get rid of the first Hard Rock Hotel and then tear down the beautiful Mirage so they can build another Hard Rock hotel?” questioned a local.

On Monday, employees from the present and past celebrated the hotel’s history.

Dozens of Mirage cocktail waitresses gathered in front of the volcano to take final pictures and say goodbye to the hotel.

“It breaks my heart, you know it does, it breaks my heart. It’s history in Las Vegas,” Tonia Rocheleau, a Mirage cocktail waitress since 1998, told local ABC affiliate KTNV.

“It’s not just coworkers, they’re family.

We know all their kids, we know each other’s families, husbands, wives, our whole life’s story.”

In December 2022, Hard Rock International bought the Mirage from MGM Resorts in a cash deal worth nearly $1.1 billion.

Many brick and mortar closures come at a time where the online space is thriving, with lucky numbers betting sites attracting growing user-bases. 

“We’d like to thank the Las Vegas community and team members for warmly welcoming Hard Rock after enjoying 34 years of The Mirage,” Jim Allen, the chairman of Hard Rock International, said in a statement.

“We look forward to the beginning of an exciting journey into a new era as Hard Rock Las Vegas will ignite the Strip with entertainment, innovation, and world-class hospitality,” the Mirage said on its Facebook account.

For more store closure news and updates like this, opt-in for push notifications.

Also Read: An Unexpected Retailer Is Now Closing All Stores in Illinois

Other Economy News Today

Market News Today - A Famous Hotel and Casino Now Makes A Painful Closure in Las Vegas.
Market News Today – A Famous Hotel and Casino Now Makes A Painful Closure in Las Vegas.

A beloved grocery chain now confirms unexpected closures across the Northeast taking place by the end of the year.

Grocery chain Stop & Shop has announced that a total of 32 underperforming locations will shutter in the U.S.

The company said the select stores across the Northeast will be closed before the end of the year.

Stores in New Jersey, Massachusetts, New York, Connecticut, and Rhode Island will close by November 2.

In May, the company announced the coming store closures.

“Stop & Shop has evaluated its overall store portfolio and made the difficult decision to close underperforming stores to create a healthy base for the future growth of our brand,” company president Gordon Reid said, per a July 12 press release.

The company’s president added that the closures were essential “to create a healthy base for the future growth of our brand.”

Fortunately, employees will be offered other positions within the company, according to a press release.

The grocery outlet first opened in 2014 and currently has around 400 stores and 60,000 employees, per Fox affiliate KRLD.

Stop & Shop is owned by Ahold Delhaize which also owns Food Lion, Giant Food, and Hannaford.

Which grocery stores are closing?

In New Jersey, 10 locations will close, while only seven will close in New York.

Rhode Island will see two closures and Massachusetts, the home of the first location, will be closing eight.

Five stores will also be closing in Connecticut.

As other chains such as Walmart and Amazon join the grocery business, it has pushed traditional grocery stores out of view, reports The-Sun.

Stop & Shop hopes the closure of underperforming stores will create “future growth” for the company.

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Market News Today - A Famous Hotel and Casino Now Makes A Painful Closure in Las Vegas.
Market News Today – A Famous Hotel and Casino Now Makes A Painful Closure in Las Vegas.

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Frank Nez

Frank Nez is an American entrepreneur, journalist, writer, and investor. Frank's work has been cited by SEC and Congressional reports. Franknez.com is a personal finance and market news blog, dedicated to publishing content on money, investing, entrepreneurship, and retail investor news.

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2 Comments
  1. Frank Nez says:
    July 17, 2024 at 7:43 pm

    Leave your thoughts below.

  2. Frank Nez says:
    July 17, 2024 at 7:43 pm

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