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Mandalay Resort Group

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Mandalay Resort Group (formerly Circus Circus Enterprises ) was an American hotel and casino operator based in Paradise , Nevada . Its major properties included Mandalay Bay , Luxor , Excalibur and Circus Circus , as well as half of the Monte Carlo . In terms of market capitalization, it was one of the largest casino operators in the world. Its stock traded on the New York Stock Exchange with the ticker symbol "CIR" and "MBG".

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66-529: The company was originally known as Circus Circus Enterprises and originated with Jay Sarno 's 1968 opening of the Circus Circus as well as a Circus Circus in Reno, which opened in 1978. The company incorporated as Circus Circus Enterprises (CCE) in 1974 to purchase Circus Circus from Sarno at a time when the casino was experiencing financial difficulties. The original majority owners of CCE were William Pennington ,

132-434: A Del Webb executive, and they purchased it in 1983. Sarno planned to develop Grandissimo, a hotel and casino with 6,000 rooms. However, the project was shelved when Sarno died. Sarno married Joyce Sarno Keys but they later divorced. They had four children: Jay Sarno Jr, September Sarno, Heidi Sarno Straus and Freddie Sarno. Sarno died of a heart attack on July 21, 1984 at the age of 62, at Caesars Palace. Sarno

198-693: A Four Seasons hotel, which has rooms on floors 35 through 39. It is managed separately from the Mandalay Bay hotel. In 1999, the Four Seasons became the first Las Vegas hotel to win the AAA Five Diamond Award . Several additions opened in 2003, including the Mandalay Bay Convention Center , and a second hotel tower, THEhotel at Mandalay Bay . It has 1,117 rooms, and was renamed Delano Las Vegas in 2014. A shopping mall, Mandalay Place,

264-572: A 1,200 sq ft (110 m ) retail store. The Las Vegas House of Blues would compete against the Hard Rock Hotel , which was known for hosting rock performances at its Joint venue. House of Blues had wanted to open a Las Vegas location for years, and partnered with Mandalay Bay after discussions with the Las Vegas Hilton failed to produce an agreement. The venue has hosted numerous entertainers, including Carlos Santana , who began

330-487: A 147,992 sq ft (13,748.9 m ) casino. It initially opened with 135,000 sq ft (12,500 m ) of gaming space, featuring 122 table games and 2,400 slot machines. As of 2006, the casino had one of the largest sports books in Las Vegas, with a wall of 31 television screens. The casino floor was renovated in 2013, with new carpeting and chairs added. The sports book was updated in 2018. Mandalay Bay has

396-525: A 16-foot headless statue of Vladimir Lenin at its entrance. It also included a walk-in vodka freezer with a bar top made of ice. The resort also featured several Asian restaurants, including The Noodle Shop, and Shanghai Lily. The latter was designed by Tony Chi , and eventually closed in 2011. The entrance to another restaurant, China Grill, featured a moat and working drawbridge, which could be lifted to provide privacy for reserved parties. The adjacent China Grill Cafe and Zen Sum served dim sum on

462-447: A 70-seat bar and lounge area, serving more than 600 types of wine and more than 100 Scotch malts. Numerous restaurants were added in 2013, as part of ongoing renovations. Two decades after Mandalay Bay's opening, four of its original restaurants remained in operation, including Aureole, Lupo, and Border Grill. Red Square closed later that year, and was eventually replaced by the S Bar. A restaurant revamp began in 2023, and included

528-498: A French restaurant, in 2004. It operated for six years, before being remodeled and renamed as simply Fleur. In 2011, the restaurant began offering a $ 5,000 burger, which included a bottle of Petrus wine. Chef Fleur eventually departed Mandalay Bay in 2021, and the resort took over ownership and operations of his restaurant. As of 2006, Mandalay Bay had 23 restaurants. That year, chef Michael Mina opened his first steakhouse there, StripSteak. It also serves seafood, and includes

594-434: A cigar lounge with a Prohibition era theme. Its primary attraction consisted of performances by Holly Madison and a burlesque troupe. Because of a dispute with her business partners, Madison departed 1923 Bourbon & Burlesque later in 2014, and it was renamed 1923 Prohibition Bar. The resort includes an 11-acre pool area known as Mandalay Bay Beach, which features 2,700 tons of sand imported from California. One of

660-508: A conveyor belt counter, while robot carts with camera sensors brought food to diners elsewhere in the restaurant. By 2001, a new fine dining restaurant had opened as "3950", named after the resort's address. It served steaks and seafood, and included a lounge area with live cam footage of the Shark Reef. The restaurant was designed and managed by Mandalay Bay, unlike most of the others at the resort. Chef Hubert Keller opened Fleur de Lys ,

726-678: A degree in business. While in college, he met Stanley Mallin, who would become his lifelong friend and business partner. During World War II , he served in the United States Army in the Pacific Theater of Operations alongside Mallin. With Stanley Mallin, Sarno became a tile contractor in Miami , Florida. They subsequently built subsidized housing in Atlanta , Georgia. In 1958, after they had met Jimmy Hoffa and Allen Dorfman , they built

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792-535: A former oil lease speculator and William Bennett , a former furniture salesman and the manager of The Mint Las Vegas casino. Circus Circus Enterprises purchased the Silver City Casino and Slots-A-Fun Casino in 1979 for $ 30 million, then refurbished both the interior and exterior. The company went public in 1983 and traded on the New York Stock Exchange. The company's properties found success in

858-473: A glass-domed structure for the animals, next to the resort's Shark Reef aquatic attraction and away from the casino floor. The panda exhibit would generate up to $ 50 million a year, which would be given to the Chinese government to further conservation efforts for the species. Critics viewed the proposed exhibit as an exploitative way to attract casino patrons. Ultimately, the resort did not gain approval to import

924-411: A joint venture in 1993 with Don Carano of Eldorado in Reno to develop and build Reno's largest and tallest megaresort titled Silver Legacy . The $ 350 million hotel opened on July 28, 1995. Circus Circus Enterprises held a majority stake in that Reno resort. Circus Circus Tunica opened on August 29, 1994. It was rebranded in 1997 as Gold Strike Tunica and given a more upscale theme. The total cost for

990-559: A mall known as The Shoppes at Mandalay Place. The resort initially had 13 retail shops upon opening, with a full shopping mall planned for property between Mandalay Bay and the Luxor. Circus Circus Enterprises partnered with Westcor to develop the mall, and Nordstrom was announced as an anchor tenant in May 1999, with the mall's opening scheduled for 2001. However, the project was set back after Westcor dropped out later in 1999, unable to secure

1056-500: A near-full recovery in 2019. Resort security was increased as a result of the shooting, while MGM announced that it had no plans to rent Paddock's suite out to future guests. Floors 31 through 34 were renumbered as 56 through 59. Numerous lawsuits were filed against MGM by the shooting survivors, alleging inadequate preventative measures at Mandalay Bay. The company and plaintiffs eventually settled for $ 800 million. The Mandalay Bay complex occupies 120 acres. The resort includes

1122-595: A new resort project, tentatively known as Millennium, to replace the Hacienda. The Hacienda closed on December 1, 1996, and was demolished on New Year's Eve . Details about its replacement were unveiled on the same day; the tropical-themed resort, now known under the working title "Project Paradise", had an estimated budget of $ 800 million to $ 1 billion, with completion expected by the end of 1998. The target clientele would be higher-end compared to Circus' prior resorts, competing against The Mirage and new properties such as

1188-504: A print and television advertising campaign in the months leading up to the resort's opening. Mandalay Bay opened at 10:00 p.m. on March 2, 1999, following a private opening for VIPs earlier in the day that included numerous celebrities. Grand opening festivities included the Blues Brothers ( Dan Aykroyd , James Belushi , and John Goodman ) leading a procession of 200 motorcycles to Mandalay Bay's front doors. Later, they performed at

1254-535: A property in the area. The Four Seasons was built to compete with a growing number of upscale Strip resorts such as Bellagio . The Four Seasons includes 424 rooms, and has various amenities – including restaurants, lounges, a spa, and a health club – which are located in a two-story facility on the south side of the Mandalay Bay property. Most of the amenities at the Four Seasons are inaccessible to guests of Mandalay Bay. The hotel excludes gaming, although Mandalay Bay's casino and other amenities are open to guests of

1320-548: A residency in 2012. He has performed there for more than a decade, and extended his residency to May 2026. Two live albums were also recorded there: House of Yes: Live from House of Blues by Yes (2000), and Live in Las Vegas by Macy Gray (2005). House of Blues also operates the Foundation Room, an upscale private bar and dining club on the hotel's top floor. It targets wealthy individuals, such as casino VIPs, corporate executives, and celebrities. Club membership

1386-400: A revised offer of $ 71 per share. The agreement called for MGM Mirage to pay $ 4.8 billion and to assume $ 2.5 billion in debt. The transaction was completed on April 26, 2005 for $ 7.9 billion. MGM executives were confident that antitrust regulators would not require the sale of any of the two companies' properties. Michigan law, however, forbade one company from owning multiple casinos, requiring

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1452-480: A second anchor tenant. Construction stopped in 2000, after Nordstrom also backed out. In May 2002, Mandalay Resort Group announced that it would resume construction, with the mall scaled back from 1,200,000 sq ft (110,000 m ) to 100,000 sq ft (9,300 m ). Mandalay Place eventually opened in October 2003. It included 41 retailers, located along a 310-foot skybridge connecting Mandalay Bay to

1518-399: A tropical South Seas theme. Water features, including numerous fountains, are present throughout the resort. The hotel lobby features a two-story aquarium containing 12,600 gallons of water. The resort also has an aquatic attraction known as Shark Reef , which includes a 1,300,000 US gal (4,900,000 L) aquarium. The $ 40 million facility opened on June 20, 2000, and contains

1584-516: A wall of flames. Rumjungle, which leased its space from the resort, filed for Chapter 11 bankruptcy in March 2010, to prevent its eviction. It alleged that Mandalay Bay broke its contract agreement, which stated that Rumjungle would be the sole nightclub at the resort; in 2008, Mandalay Bay opened a lounge venue known as "eyecandy", and Rumjungle stated that its profits suffered since then. The resort countered that Rumjungle's financial problems were due to

1650-499: Is acquired through annual dues. In 2014, MGM agreed to pay a $ 500,000 fine after undercover police officers, during a sting operation , were provided with drugs and prostitutes at the Foundation Room by its employees. In 2020, the club removed a statue depicting Mahavira of the Jainism religion. Religious leaders had objected to the statue, calling its presence in a casino club inappropriate and disrespectful. Mandalay Bay includes

1716-547: Is among the largest convention centers in the U.S. Convention business makes up a significant portion of the resort's revenue. When it opened, the resort included the Treasures of Mandalay Bay Museum, which had a rare currencies exhibit worth more than $ 40 million. Exhibit items included two $ 100,000 bills, among only a handful known to still exist. The Luxor and Excalibur resorts, also built by Mandalay Resort Group, are located north of Mandalay Bay. The term "Mandalay Mile"

1782-621: Is surrounded by stairs descending into the restaurant. Aureole closed in April 2023, making way for Retro, a new restaurant by sibling chefs Bryan and Michael Voltaggio . Retro features a 1980s and 1990s theme, and Aureole's wine tower was retained, serving as an exhibit space for various pop culture items. Mandalay Bay also included Trattoria del Lupo, the first Italian restaurant by chef Wolfgang Puck . Other celebrity chefs include Mary Sue Milliken and Susan Feniger , who opened Border Grill. A Russian-themed restaurant, Red Square , featured

1848-473: Is the deadliest mass shooting by a lone gunman in U.S. history. Mandalay Bay remained open following the shooting. Hospitality experts believed the massacre would have only a minimal impact on the resort's revenue. Several hundred workers, out of 7,400, were laid off as a result of decreased visitation due to the shooting. MGM had also paused its marketing of the resort after the incident, which contributed to profit losses. Finances gradually improved, with

1914-731: The Atlanta Cabana Motel in Atlanta , Georgia, as well as several motels in California and Texas. He was the founder of the Caesars Palace and Circus Circus hotels in Las Vegas . Sarno was born in 1922 in St. Joseph, Missouri . His parents were Jewish immigrants from Poland . His father was a cabinet maker , his mother a homemaker . Sarno graduated from the University of Missouri , with

1980-754: The Atlanta Cabana Motel with a loan from the Central States Pension Fund. They went on to build Cabanas in Palo Alto, California and another motel in Dallas . Sarno developed the Caesars Palace Hotel in Las Vegas. It was inaugurated on August 5, 1966. Sarno later built Circus Circus . The attraction featured a circus tent with daily acts and Sarno would dress up as a ringmaster and attend to families and children personally. Sarno subsequently leased it to Bill Pennington and Bill Bennett,

2046-592: The Foundation Room operates on the top floor. Delano Las Vegas originally opened in December 2003, as THEhotel at Mandalay Bay. It was renamed in 2014. Like the Mandalay Bay tower, Delano is also 43 stories. It has 1,117 rooms, all of them suites. It is marketed as a separate hotel. By the end of 2024, the Delano will be rebranded as W Las Vegas. The Mandalay Bay hotel rooms were upgraded in 2006, after MGM acquired

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2112-562: The Venetian and Paris resorts. It was planned as part of a larger project known as the Masterplan Mile, a complex which would include two other new resorts by Circus, although these never materialized. Construction on Project Paradise began in 1997. Problems arose during construction in mid-1998, because of excessive and uneven settling of the soil beneath the resort; the core of the building sank by 17 inches (430 mm), while one of

2178-580: The 1980s offering a Las Vegas experience to families subsequently experimented upon by its competitors. Its converted Circus Circus (originally developed for the upmarket) and later Excalibur properties offered gaming opportunities for adults and separate non-gambling games and theme-park-style experiences for underage visitors under the same roof. In 1983, Circus Circus purchased the Edgewater Hotel and Casino in Laughlin, Nevada for $ 17 million. The next year,

2244-491: The 1990s, in addition to gambling. Circus Circus Enterprises believed that Las Vegas had evolved enough to support a full-time Broadway show. A production of the classic Broadway musical Chicago debuted at Mandalay Bay's 1999 grand opening and ran for one year. Storm , an original production show featuring Latin music, weather effects, and aerialists, ran from April 2001 to July 2002. Both Chicago and Storm failed to achieve wide success. Schaeffer acknowledged that

2310-508: The Four Seasons. The Four Seasons has been favorably received by guests. Since 1999, it has been a repeat winner of the AAA Five Diamond Award . It was the first hotel in the Las Vegas Valley to win the award, and in 2000, it became the first in the area to add a permanent kosher kitchen. A renovation of the hotel concluded in December 2012. Mandalay Bay originally had 15 restaurants, 11 of which were leased out. Most of

2376-482: The Hacienda was closed to the public after 40 years, and imploded later that month. This implosion was broadcast on the Fox Network as a part of their New Year's Eve 1996 telecast. Despite the implosion, parts of the old resort still stood, due to the building not falling into its footprint, but toppling into its parking lot. The next day a wrecking crew was brought in to bring down the remaining parts. In March 1999, it

2442-464: The Luxor. It opened with several retailers not found elsewhere in Las Vegas, in an effort to attract locals as well as tourists. Tenants have also comprised several restaurants, including two by chef Rick Moonen . Among the mall's notable retailers was the Reading Room, a bookstore popular for its author signings. The store was devised by Schaeffer, although the concept of a bookstore on

2508-626: The Mandalay Resort Group announced a second 1,122-room hotel tower at their Mandalay Bay property, with a cost of at least $ 200 million. Construction began on the tower in September 2002. The name of the tower, THEhotel at Mandalay Bay , was chosen in September 2003. The tower opened on December 17, 2003. On June 4, 2004, one of Mandalay's largest competitors, MGM Mirage , announced a bid to acquire it for $ 68 per share plus assumption of debt. The stock closed at $ 60.27 per share on June 4. Although

2574-483: The Strip was met with some skepticism. Schaeffer said, "What could be a more obvious place for a bookstore than a destination that has nearly 40 million visitors a year?" It was the only bookstore on the Strip until its closing in 2009. Ivan Kane's Forty Deuce, a speakeasy with burlesque 1940s-style dancers, operated at Mandalay Place from 2004 to 2009. 1923 Bourbon & Burlesque opened in its place in 2014, serving as

2640-480: The animals. In 2003, the resort added a convention center and a second hotel tower. Two years later, the resort was bought by MGM Mirage as part of its acquisition of Mandalay Resort Group. In 2006, Mandalay Bay was investigated by the U.S. Department of Justice over complaints that the resort failed to comply with the Americans with Disabilities Act of 1990 . The property eventually spent $ 20 million to correct

2706-452: The closure of Fleur. Mina is scheduled to replace it with a second restaurant, Orla, at the end of the year. Puck also closed Lupo with plans to open a new Italian restaurant in its place known as Caramá, expected to debut in 2024. Rumjungle, a restaurant and dance club, opened with the resort. The three-story Rumjungle included the world's largest rum bar and offered more than 100 varieties of rum. Guests would enter through an opening in

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2772-565: The closure of the Wet 'n Wild water park in 2004. In 2013, The Light Group took over a 50,000 sq ft (4,600 m ) area of the pool space and converted it into a dayclub and nightclub, known as Daylight Beach Club and Eclipse respectively. The resort includes the 1,800-seat Michael Jackson: One Theatre, originally known as the Mandalay Bay Theatre. Among Las Vegas tourists, entertainment offerings became increasingly popular during

2838-605: The company bought the neighboring Colorado Belle casino from Advanced Patent Technology and John Fulton for $ 4 million. The company planned to move the unprofitable Colorado Belle to make room for an expansion of the Edgewater. The group subsequently developed the Excalibur in 1990, the Luxor in 1993 and the Mandalay Bay in 1999 for which the group was renamed. The group entered into

2904-404: The entry doors of 3,000 hotel rooms, as they were deemed too narrow. The resort's first major renovation began in late 2012, and continued into the next year, improving various areas of the property. Stunt performer Andy Lewis achieved a new slacklining record at Mandalay Bay in 2013, walking 360 feet across a loose rope situated 480 feet above the property. In January 2020, Mandalay Bay

2970-577: The hotel's 32nd floor , killing 60 people in attendance at an outdoor music festival nearby. It is the deadliest shooting by a lone gunman in U.S. history. Mandalay Bay was built on the former site of the Hacienda hotel and casino at the southern end of the Las Vegas Strip . In 1995, Circus Circus Enterprises purchased the Hacienda for $ 80 million and an adjacent 74-acre (30 ha) site, directly south, for $ 73 million. That June, plans were announced for

3036-579: The largest aquarium on the Strip, featuring mostly sharks. The 12,000-seat Mandalay Bay Events Center opened on April 10, 1999, and was renamed the Michelob Ultra Arena in 2021. It has hosted numerous entertainers as well as sports games. Construction on another facility, the Mandalay Bay Convention Center , began in 2001. Work was temporarily stopped due to the economic impact of the September 11 attacks . It eventually opened in January 2003, and

3102-605: The latter's outdated facilities and the Great Recession . Mandalay Bay eventually prevailed in litigation and evicted Rumjungle in August 2010. A new nightclub, Light, opened in its in place in 2013, in partnership with The Light Group and Cirque du Soleil . It closed in 2022. Mandalay Bay opened with a House of Blues music venue and restaurant, marking the chain's seventh location. The two-story House of Blues includes capacity for 1,800 people during concerts. It also has

3168-414: The other on-site hotels. The Mandalay Bay tower is built out in a Y-shaped layout. Rows of gold neon tubing run up the tower's sides, in between mirrored, gold-colored windows. Although the tower is 43 stories, the top four floors are numbered 60 through 63. Four Seasons occupies the 35th through 39th floors. The 40th through 42nd floors contain suites which are managed by Mandalay Bay. A club known as

3234-498: The pools includes a wave machine producing six-foot waves. It was designed to host championship surfing. The pool area also features a lazy river , and includes a stage for summer concerts, a stable since the resort's opening. This popularized the concept of poolside concerts at Las Vegas resorts. A topless sunbathing area known as Moorea Beach Club opened in 2003. It is named after Mo'orea , an island near Tahiti. The resort's pool area became popular among local families following

3300-477: The proposal was announced after the close of trading on June 4, the volume of trading in Mandalay Resort Group stock on that day was quadruple the normal, with the stock closing at $ 60.27 per share. The ensuing negotiations between the two companies included at one point an announcement that the Mandalay board was rejecting the offer because of antitrust concerns. On June 15, 2004, however, both companies' boards approved

3366-557: The remodel was estimated to be $ 125 million. On March 20, 1995, Circus Circus Enterprises announced that it had agreed to acquire Gold Strike Resorts , a closely held budget casino owner and operator based in Jean, Nevada , in a deal valued at more than $ 600 million. At the time of the acquisition, Gold Strike Resorts owned the Gold Strike Hotel and Gambling Hall , Nevada Landing Hotel and Casino , Railroad Pass Hotel and Casino and 50% of

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3432-741: The resort needed "a more forceful and exciting show", prompting the addition of the Broadway musical Mamma Mia! in February 2003. It had a successful run which ended in January 2009, after approximately 2,300 performances. It was replaced by another Broadway show, Disney's The Lion King , which ran from May 2009 to December 2011. During that time, resort executives realized that the property needed an A-list show, as many guests would travel elsewhere to see live entertainment. In response, Mandalay Bay partnered with Cirque du Soleil to create Michael Jackson: One , which eventually opened in May 2013. It

3498-418: The resort's House of Blues club, as did Bob Dylan . Mandalay Bay employed 5,000 people, with 30 percent coming from other Circus Circus properties. The company changed its name to Mandalay Resort Group later in 1999, reflecting its flagship property. In 2002, Mandalay Bay sought approval from the U.S. and Chinese governments to import two panda bears for exhibit at the resort. The property would build

3564-537: The resort's valet parking facility. In February 1998, the project was officially named Mandalay Bay, after the city of Mandalay in Myanmar. The name was also chosen to evoke the exotic tropical romanticism of the poem " Mandalay " by Rudyard Kipling . More than a dozen names had been considered for the resort. Mandalay Bay cost $ 950 million to build, making it the most expensive project to date for Circus Circus. The company expected to spend more than $ 10 million on

3630-508: The resort. The deal was finalized in February 2020. Vici Properties bought MGM Growth in April 2022, and then bought out Blackstone's stake in Mandalay Bay in January 2023. On October 1, 2017, gunman Stephen Paddock opened fire from his room on the hotel's 32nd floor. He targeted concertgoers attending a music festival, located diagonally across from the resort. He killed 60 people and wounded approximately 867 others, before killing himself as authorities approached his room. The incident

3696-431: The resort. A $ 100 million renovation of the rooms took place from 2015 to 2016. In June 1996, Circus Circus Enterprises announced its partnership with Four Seasons Hotels , which would manage a hotel connected to Mandalay Bay. The Four Seasons hotel opened along with the resort on March 2, 1999. It marks the first Las Vegas location for Four Seasons Hotels, a luxury hotel company which, for years, had wanted to open

3762-485: The restaurants opened with the resort, while three others debuted later in 1999. Among the restaurants was Aureole by chef Charlie Palmer , named after another restaurant of his in Manhattan. The Las Vegas Aureole was designed by Adam Tihany and included a four-story wine tower made of glass and steel. It could hold 10,000 wine bottles, which were retrieved by harnessed workers, referred to as wine angels. The tower

3828-592: The sale of either the MGM Grand Detroit or Mandalay's 54% stake in the MotorCity Casino . After some vacillation about which property to sell, Mandalay accepted a $ 525-million offer for its interest in MotorCity from Marian Ilitch , the casino's second largest shareholder. Jay Sarno Jay Sarno (July 2, 1922 – July 21, 1984) was an American developer, hotelier, and casino owner. He developed and owned

3894-450: The under-construction Monte Carlo Resort and Casino . The acquisition did not include the original Gold Strike near Boulder City , because the owners wanted to pass it on to their children. In 1995, Circus Circus purchased the Hacienda from Archon Corporation . By this time, the Hacienda was dwarfed by the many new megaresorts that were being built, in particular the Luxor , which had just been recently completed. On December 10, 1996,

3960-405: The wings had settled by only 2 inches (51 mm). Rumors about the severity of the issues depressed Circus Circus's stock price. The problem was solved by installing 536 micropiles (200-foot-long metal pipes filled with grout , each capped with a hydraulic jack ) below the building, at an estimated cost of $ 8 million to $ 10 million. The damage from the settling was limited to minor cracks in

4026-511: Was also added in 2003. Other features include a House of Blues club, the Shark Reef aquatic attraction, and an events center known as Michelob Ultra Arena . The resort also has an 1,800-seat theater, which has hosted several Broadway shows, including Chicago (1999–2000), Mamma Mia! (2003–2009), and The Lion King (2009–2011). Since 2013, the theater has hosted Michael Jackson: One . In 2017, gunman Stephen Paddock opened fire from

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4092-477: Was created by company president Glenn Schaeffer in reference to the three resorts, which are connected via the Mandalay Bay Tram . In addition to Mandalay Bay's primary hotel, the property also includes two others: Delano Las Vegas (formerly THEhotel) and a Four Seasons hotel. Four Seasons shares a tower with Mandalay Bay, and Delano is operated in a second tower. Mandalay Bay has 3,209 rooms, excluding

4158-491: Was developed by Circus Circus Enterprises and completed at a cost of $ 950 million. It opened on March 2, 1999, on the former site of the Hacienda hotel-casino. MGM acquired Mandalay Bay in 2005, and The Blackstone Group became a co-owner in 2020. Vici acquired MGM's ownership stake in 2022. Mandalay Bay has a tropical South Seas theme and covers 120 acres (49 ha). It includes a 147,992 sq ft (13,748.9 m ) casino and 3,209 rooms. The 43-story tower includes

4224-592: Was named the pre- and post-game venue for the Las Vegas Raiders , a football team which plays at the Allegiant Stadium directly west of the resort. That month, MGM Resorts also announced that it would sell Mandalay Bay to a joint venture consisting of MGM Growth Properties and The Blackstone Group . MGM would own 50.1 percent of the joint venture, and Blackstone would own the remainder. Mandalay Bay would be leased to MGM Resorts, which would continue to operate

4290-573: Was posthumously elected to the Gaming Hall of Fame in 1989. He received, also posthumously, the inaugural Sarno Award for Casino Design from the Global Gaming Expo in 2003. Mandalay Bay Mandalay Bay is a 43-story luxury resort and casino at the south end of the Las Vegas Strip in Paradise, Nevada . It is owned by Vici Properties and operated by MGM Resorts International . It

4356-429: Was replaced by the Mandalay Bay . The group was also a partner with Mirage Resorts on the 1996 opening of the nearby Monte Carlo Resort and Casino . Circus Circus Enterprises closed the Silver City Casino on October 31, 1999. Following the completion of Mandalay Bay in 1999, the name of the company was changed to Mandalay Resorts Group. On December 14, 1999, MotorCity Casino Hotel opened. On May 23, 2002,

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