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Richard Branson’s Virgin Group, which is element of the ownership company, acquired the former Hard Rock Las Vegas on Paradise Road and Harmon Avenue for $500 million in 2018. The house was closed in February 2020 and reopened in March 2021 just after a $200 million remodeling project. Cliff Atkinson, a former corporate executive with MGM Resorts International, took over as CEO of Virgin Hotels' parent corporation JC Hospitality on Monday. He replaces Richard Bosworth, who stepped down in March but retains an ownership stake. Sky River contains a vacant 64-acre internet site owned by Boyd adjacent to the casino, which includes 36 acres of tribal land along Highway 99. Smith said the tribe is now considering plans that would potentially expand the casino by adding a hotel, meeting space and other amenities. Truist Securities gaming analyst Barry Jonas wrote in a research note that BetMGM could accomplish profitability far quicker than the investment community anticipated. Nevertheless, mentioned the market place still views BetMGM "as a duopoly" with limited value for MGM offered the joint ownership.
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