Trouble in Paradise? Paradise, Nevada. The newly acquired and even more recently remodeled Virgin Hotel in Las Vegas is rumored to be ‘up for sale’. The property opened it doors less than 74 days ago.
Did Richard Branson really think all he needed to do was buy a casino in Las Vegas?
Sir Richard Branson has wanted a hotel in Las Vegas for 20 years. His hotel group, Virgin + some outside investors (otherwise known as ‘other people’s money’), purchased the hotel and casino from the Hard Rock. Hard Rock built the building in 1995. The operated the casino as a sexy, off the beaten path, underground. You smelt a whiff of evil as you passed under the words ‘Roll the laugh’in bones,’ that sit a over your head of the entrance to the Hard Rock Hotel.
Virgin Hotels swept in and spent $500 million to purchase the property and another $200 million to remodel. The casino will be operated by the Mohegan Sun.
Las Vegas is at full capacity. Most casinos were packed this weekend. The Virgin was empty.