M&A Deal Summary

Hard Rock International Acquires Mirage

On December 20, 2022, Hard Rock International acquired leisure company Mirage from MGM Resorts for 1.1B USD

Acquisition Highlights
  • This is Hard Rock International’s 1st transaction in the Leisure sector.
  • This is Hard Rock International’s largest (disclosed) transaction.
  • This is Hard Rock International’s 2nd transaction in the United States.
  • This is Hard Rock International’s 1st transaction in Nevada.

M&A Deal Summary
Date 2022-12-20
Target Mirage
Sector Leisure
Buyer(s) Hard Rock International
Sellers(s) MGM Resorts
Deal Type Divestiture
Deal Value 1.1B USD

Target

Mirage

Las Vegas, Nevada, United States
Mirage offers guests an exotic world-class destination unlike any other. The resort features contemporary accommodations; dynamic entertainment including The Beatles LOVE by Cirque du Soleil, Shin Lim: LIMITLESS and the Aces of Comedy series; tantalizing restaurants created by the world's most renowned chefs including Tom Colicchio, and a luxurious spa and salon. Mirage is based in Las Vegas, Nevada.

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Buyer(S) 1

Buyer

Hard Rock International

Davie, Florida, United States
Category Company
Sector Leisure
DESCRIPTION

Hard Rock International operates owned/licensed or managed hotels, casinos, shops and cafes. Hard Rock destinations are located in international gateway cities, including its two most successful flagship properties in Florida and home to the world's first Guitar Hotel in South Florida, where its headquarters are located.

DEAL STATS #
Overall 2 of 2
Sector (Leisure) 1 of 1
Type (Divestiture) 2 of 2
State (Nevada) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-05 JACK Cincinnati Casino

Cincinnati, Ohio, United States

Jack Cincinnati Casino is a casino in Cincinnati, Ohio.

Buy $780M

Seller(S) 1

SELLER

MGM Resorts

Las Vegas, Nevada, United States
Category Company
Founded 1986
Sector Leisure
Employees58,000
Revenue 16.2B USD (2023)
DESCRIPTION

MGM Resorts owns and/or operates casino resorts. The company operates in two segments, Wholly Owned Domestic Resorts and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. MGM Resorts was founded in 1986 and is based in Las Vegas, Nevada.

DEAL STATS #
Overall 2 of 2
Sector (Leisure) 2 of 2
Type (Divestiture) 2 of 2
State (Nevada) 1 of 1
Country (United States) 2 of 2
Year (2022) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-09 Gold Strike

Tunica Resorts, Mississippi, United States

Gold Strike offers 1,133 stylish rooms and suites, dining, nightlife, and an integrated gaming experience with a 50,000-square-foot gaming area with 1,100 slot machines, and 61 table games. Gold Strike Tunica is based in Tunica Resorts, Mississippi.

Sell $450M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-24 Tipico s U.S sportsbook and online casino

Las Vegas, Nevada, United States

Tipico's U.S sportsbook and online casino operate a purpose-built proprietary sportsbook across all international markets and brands. Tipico's U.S sportsbook and online casino is based in Las Vegas, Nevada.

Buy -
Mergr

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