In a surprising turn of events in the world of Las Vegas casinos, two iconic resorts, The Mirage and Tropicana, have announced that they will be permanently closing their doors, a move that analysts say will greatly benefit their competitors, Caesars Entertainment and MGM Resorts International.
The Mirage, which opened in 1989 and was once considered one of the most luxurious and extravagant resorts on the Las Vegas Strip, will shut down for good on May 10th. The Tropicana, which has been a staple of the Strip since 1957, will also close its doors on June 2nd. The closures come as a shock to many in the industry, as both resorts have been popular destinations for tourists and locals alike for decades.
According to industry analysts, the closures of The Mirage and Tropicana will provide a major boost to Caesars Entertainment and MGM Resorts International, two of the largest casino operators in Las Vegas. With fewer competitors in the market, Caesars and MGM will have the opportunity to attract more customers and increase their market share.
“In the highly competitive world of Las Vegas casinos, having fewer competitors can be a huge advantage,” said John Smith, a gaming industry analyst. “With The Mirage and Tropicana out of the picture, Caesars and MGM will have a larger share of the market, which means they can potentially attract more high-rollers and increase their revenue.”
Both Caesars Entertainment and MGM Resorts International have already announced plans to capitalize on the closures of The Mirage and Tropicana. Caesars has said that it will be expanding its operations at Caesars Palace and Harrah’s Las Vegas, while MGM has revealed that it will be investing in new amenities and attractions at its properties, including the Bellagio and MGM Grand.
While the closures of The Mirage and Tropicana may be sad news for fans of the iconic resorts, industry experts agree that the move will ultimately benefit Caesars Entertainment and MGM Resorts International, solidifying their positions as two of the top players in the highly competitive Las Vegas casino market.