Over 3,000 people have lost their jobs since The Mirage Hotel closed its doors. Workers are going to get $80m in severance packages. The doors closed forever on the 17th of July.
Why did the Hotel Close?
The property has been open since 1989. It also helped to set the standard for the Las Vegas Strip. With a focus on luxury, it helped to spur a whole new movement. Other hotels, including the MGM Grand, Luxor, and Excalibur opened not long after and have helped to make the Las Vegas Strip everything that it is known for today. The resort is going to be reimagined, as the developers try to keep up with current demand.
One force they have had to battle against would be the rise of online casinos. There are now thousands of people to choose from online. This led to KingCasinoBonus’ CEO creating a website dedicated to reviewing the top options, so fans could refine the options that they had to choose from. By listing the best PayPal casinos, new casinos, and no-deposit, users who are new to gambling have an easier entry point, something that huge resorts have had to compete with. Resorts often charge thousands for rooms, and with such convenient options available online, they have had to change their business model.
A Reimagined Property
The resort isn’t going to remain closed forever, and there are currently plans for it to be redeveloped into a new resort. The resort is going to feature a 700 ft hotel shaped like a guitar. It’s set to open in 2027, but unfortunately leaves thousands of people out of work until then. A lot of staff have sought out other positions. Another closure that has happened recently would be The Tropicana, which closed its doors in April. They also had to lay off a lot of staff members, as the hotel has no hopes of being able to reopen. The casino is going to be demolished with implosion being the best way to ensure clean removal.
The demolition is going to take place later this year. There are no talks about what is going to replace this casino, but it would be surprising to see another gambling establishment take its place. The main reason for this is that with fierce competition from the new Mirage building, combined with the rising popularity of online casinos, it’d be difficult for a new developer to come in and create a casino without facing numerous challenges.
Even though the layoffs are unfortunate, staff members did have warnings of the casino’s closure, with most staff seeking out other positions before the casino closed its doors fully. Those who have casino experience also have a lot of options, as they can go and work as a live dealer for an online casino, or they can take their skills to one of the other, many casinos in the area. The construction of the new Mirage is going to facilitate the creation of thousands of jobs too, which is bound to be a boost to the economy.
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