In a shocking turn of events, two major Las Vegas Strip casino operators have announced their opinions on the recent closures of two iconic establishments, The Mirage and Tropicana.
MGM Resorts International, the owner of The Mirage, has stated that the decision to close the resort was a difficult one, but ultimately necessary in order to adapt to the changing landscape of the Las Vegas Strip. The Mirage, opened in 1989 and known for its iconic volcano attraction, has struggled in recent years to compete with newer, more modern resorts. MGM Resorts International CEO Bill Hornbuckle explained, “While it’s always sad to see an iconic property like The Mirage close its doors, we must focus on the future and adapt to the current market demands. This closure will allow us to reallocate our resources and invest in our other properties to ensure their continued success.”
On the other hand, Caesars Entertainment, the owner of the Tropicana, has taken a more optimistic stance on the closure of their resort. The Tropicana, which first opened in 1957 and has undergone numerous renovations over the years, has long been a staple of the Las Vegas Strip. However, Caesars Entertainment CEO Tom Reeg believes that the closure presents an opportunity for the company to reevaluate their portfolio and focus on their more profitable properties. In a statement, Reeg said, “While the decision to close the Tropicana was not made lightly, we see this as a chance to streamline our operations and concentrate on our most successful resorts. We are confident that this move will ultimately benefit our overall business.”
Despite their different perspectives on the closures, both MGM Resorts International and Caesars Entertainment are committed to ensuring the smooth transition for employees and guests affected by the closures. A spokesperson for MGM Resorts International stated that they will be offering relocation opportunities for employees at The Mirage, while a Caesars Entertainment representative confirmed that guests with existing reservations at the Tropicana will be accommodated at other Caesars properties.
As the Las Vegas Strip continues to evolve and adapt to the ever-changing tourism landscape, it will be interesting to see how these closures will impact the future of the city’s hospitality industry. The closures of The Mirage and Tropicana serve as a stark reminder that no resort, no matter how iconic, is immune to the challenges of the modern market.
