Following approval by the Nevada Gaming Control Board, Hard Rock International will open the Las Vegas Strip’s first casino hotel that is owned by a tribal entity. After the Nevada Gaming Control Board approves the sale by MGM, Hard Rock International will open the first casino hotel on the Las Vegas Strip owned and managed by a tribal enterprise. Presentation lasting four hours The Seminole Gaming plans that include a gigantic are described. Hotel guitar-shaped REIT VICI Properties is the owner of the property. It is planned to lease the Seminoles the property. A year of $90 millions Lease for 25-years with three year options 10-year renewalsClark County still has to approve the plan, but Allen stated that the goal is to construct an all-suite hotel in the shape of a guitar much as the company has done at the Seminole Hard Rock Hotel Hotel & Casino Hollywood in Florida.‘Crazy’ Guitar-shaped Hotel“People thought I was completely crazy when we said we are going to build a building in the shape of a guitar,” Allen said. “Now, it has become an international icon. It’s amazing the tourism we receive in that building. My mistake was not making it large enough. It has exceeded the projected projections for six, seven and eight years. We think this will become another icon in the Las Vegas Strip skyline.”Gaming Control Board member Philip Katsaros said: “It’s historic. It is an iconic buildingBecause it was what triggered today’s rebirth on the Strip. It will elevate everyone’s game on the Strip. We have a new competitor in town.”The Mirage was built by Steve Wynn in the 1980s and featured the first “bigger than life attraction” on the Strip with an Nightly eruption of artificial volcano.Opening his presentation to the board, Allen said: “We present you today not just a rebranding of the Mirage with a new sign and new carpet. We Expect to spend billions Creating a new Strip destination resort. We’re very proud it sits on the 50-yard line. It is God’s gift.”In addition to non-gambling resort hotels around the globe, Hard Rock operates about a dozen casinos in the US with another in the pipeline to open in Virginia and one in Ontario, Canada in progress as well.The renovation plans are massive but still subject to approval. For instance, Allen A hotel nearly 1000 feet high is what the owner wants. But he acknowledges it might only be approved for 700-foot increments. Hard Rock hopes to increase the number of rooms by adding 596 to the 3,044 existing. Number of rooms determined by how high they can build.All of the existing hotel rooms will be gutted to the bearing walls and refurbished and all of the villas will be spared the bulldozer and refurbished as well.By the Numbers…By the numbers, the current casino floor of 94,000 sq ft will see an additional 80,000 feet of space for a total of Gaming space of 174,000 square feet. The convention area will grow by 83,000 more feet. It will now cover 283,000 square feet. Public areas, pools, F & B outlets, and the casino will all be gutted and refurbished as new.“It’s our goal to build a brand new Hard Rock Live,” said Allen. “We have relationships with Live Nation, Roc Nation, and AEG, so we feel this can be another entertainment destination. We have extended the Beatles LOVE show through next year and into 2024.”Gaming expansions include the plan to Add 110 tables The total number of participants has risen to 212, which is a significant increase on the previous year. Add 1,164 slots to the existing 836 on the floor now.The company plans to keep all Mirage employees and run the property pretty much “as is” for about a year and a half while it prepares final plans and puts work out to bid. Allen indicated that temporary closure is feasible, but it is not likely the project would be closed. Fully completed in 26-30 Months from now.“We don’t want to renovate a little area and finish 10 years from now. Recessions and supply chain issues all play a role. We believe we’ll be operating this building at least for 18 months pretty much as is and as we get all of our construction drawings done, we’ll see where we are with the economy and all of the different factors that come into play.”Source: Plans for giant, guitar-shaped hotel at site of Mirage revealed by Hard Rock executives, KTNV Las Vegas, December 8, 2022
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