Who Bought Hard Rock Casino?

In July 2018, the Hard Rock Hotel & Casino in Las Vegas was sold to Virgin Hotels in a $1.25 billion deal.

The new owners are planning a major renovation of the property, which has been closed since February.

 Get Started! Fast Withdrawal Slots Bonuses: 

The Hard Rock Hotel & Casino was originally opened in 1995 by Peter Morton and Isaac Tigrett. The property was sold to Morgans Hotel Group in 2006 for $770 million.

Morgans then sold the property to Brookfield Asset Management in 2010 for $1.25 billion.

PRO TIP:The Seminole Tribe of Florida purchased the Hard Rock Casino in Hollywood, Florida in 2007 for $965 million. This purchase allowed them to become the largest gaming operator in the United States.

The Virgin Group is owned by Sir Richard Branson, and Virgin Hotels is a subsidiary of the group. Virgin Hotels has been expanding rapidly in recent years, and now has properties in Chicago, San Francisco, Seattle, Dallas, New York, and Nashville.

The Virgin Group also has plans to open hotels in Miami and Los Angeles.

The Hard Rock Hotel & Casino will be renamed the Virgin Hotels Las Vegas when it reopens later this year. The property will undergo a major renovation, which will include adding new restaurants and bars, a new casino floor, and a new hotel tower.

The renovation is expected to cost around $200 million.

The Virgin Group has not announced when the Virgin Hotels Las Vegas will reopen, but it is expected to be sometime in 2019.