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Hard Rock May Be Staying in Las Vegas

Viviane Stamm - 11-11-2018

Hard Rock looking to stay in VegasFollowing the recent sale of its hotel and casino in Vegas to Virgin, rumours have resurfaced that the Hard Rock brand will not be vacating The Strip after all. Rather, it looks like a simple case of relocation to the Cosmopolitan of Las Vegas.

According to a source, Hard Rock is still completing its due diligence prior to the purchase of this Vegas Strip resort and casino, which it was competing for with the MGM group. MGM has subsequently withdrawn its interest.

Cosmopolitan of Las Vegas Sued By Past Employees

According to a well-known Vegas news source, the Hard Rock is still interested in the Cosmopolitan. There were several expressions of interest in the property earlier this year, but none came to fruition. The delay has been blamed on union issues that the Cosmopolitan was experiencing.

This is not the first time that the business has dealt with union problems. Since opening in 2010, it has experienced union-related protests because it did not have a union contract. After it was sold to the Blackstone Group in 2014, union agreements were signed with the Culinary Workers Union and the Bartenders Union. The agreements did not end the company’s personnel issues and they are currently being sued by former employees for fraud, termination and intentionally causing emotional distress. Some employees have reported that the management team ignored complaints from staff regarding health concerns of their working environment.

The Cosmopolitan of Las Vegas is situated between the MGM Bellagio and Las Vegas City Centre occupying 8.7 hectares of prime strip property.

The property has just undergone extensive remodelling, which included improvements to both the amenities and technology. This includes a complete overhaul of the casino floor, which is now 100000 square feet, a new luxury spa, the addition of several world-class restaurants and residential style suites.

About The Hard Rock Corporation

Hard Rock has been in a constant state of growth this year. The corporation was awarded the bid for the Tarragona development in Spain, it is currently bidding for a license in Japan, and has recently approached the Queensland government with a proposal for its Global Tourism Hub on Australia’s Gold Coast.

The company is one of the most renowned brands in entertainment, food, fashion, and music. Aside from the bids currently underway the corporation has 16 new sites under development for hotels or casinos.

Source:
http://www.casinonewsdaily.com/2018/11/13/hard-rock-reportedly-in-due-diligence-to-buy-the-cosmopolitan-of-las-vegas/