The Las Vegas hotel industry is grappling with significant challenges following the 2024 closures of two iconic properties, the Tropicana and the Mirage. These developments have resulted in a net loss of over 4,500 hotel rooms, with full recovery not expected until the debut of the Hard Rock Las Vegas in 2027. Major Closures Reshape the Landscape The Tropicana officially ceased operations in April 2024, with its towers demolished later in the year to make way for a $1.75 billion Major League Baseball stadium for the Athletics, coupled with a new Bally’s Corp. resort. Meanwhile, the Mirage shut its doors in July to begin its transformation into the $1.5 billion Hard Rock Las Vegas, owned by the Seminole Tribe. The Hard Rock project will introduce a striking guitar-shaped tower, replacing the iconic Mirage volcano, and is set to open in spring 2027. Despite these closures, some new developments provided a small boost to the area’s inventory. Two nongaming hotels—the Atwood… Read More
Category: News
Source: Casino News Daily
