The Nevada Gaming Control Board’s recommendation to approve the license of a top executive is a major step forward for Hard Rock Las Vegas. As the closed Mirage being transformed into the new Hard Rock Hotel & Casino Las Vegas, this permission is the first of several planned alterations.
Following a quick suitability hearing in Carson City, Vincent Zahn, Executive Vice President and Chief Financial Officer of Seminole Hard Rock International, was approved. The Nevada Gaming Commission will now consider this recommendation in its final form on November 21. Zahn has a broad background in both the gaming and financial sectors, having held positions at Wynn Resorts, Merrill Lynch, and Pinnacle Entertainment. Speaking on his career path, Zahn shared, “I aspired to be a Wall Street investment banker” during his time at Fordham University before shifting into gaming finance.
Hard Rock Takes Over The Mirage Legacy with New Vision
The iconic Mirage, which Steve Wynn opened in 1989, ceased operations on July 17, 2023, after 34 years of welcoming guests. Hard Rock acquired The Mirage from MGM Resorts International in a $1.07 billion deal in December 2022 and has planned extensive renovations for the site, including the addition of a guitar-shaped hotel tower that will replace the famous Mirage volcano. Hard Rock, owned by the Seminole Tribe of Florida, aims to revitalize the space with a full-scale Hard Rock Hotel & Casino set to open in 2027.
Overseeing 120 employees, Zahn frequently travels to Las Vegas to manage the transition, focusing on comprehensive financing plans and engaging potential financial partners. Zahn mentioned that in preparation for the upcoming launch, he expects to visit the site several times a year as they finalize financial partnerships and oversee ongoing operations.
The Gaming Control Board expressed confidence in Zahn’s capabilities, unanimously recommending him for licensing. Board members lauded Zahn’s extensive background and strong reputation in the industry. Reflecting on his role, Zahn added, “Leading up to the reopening of Hard Rock Las Vegas, we’ll have to go through a pretty comprehensive financing process.”
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