Why is Luxor closing?

Why is Luxor closing? While no official announcement has been made, a decision to bring down Luxor during a period of weak demand due to the COVID-19 crisis could make sense for the resort's owner, MGM Resorts. The company has long felt its hands are tied by the distinctive, but limiting, Egyptian theme.



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The purchase added full ownership of thirteen properties to Vici's portfolio, and half ownership of the MGM Grand Las Vegas and Mandalay Bay resorts, and increased Vici's annual revenue by $1 billion, along with making it the largest land owner on the Las Vegas Strip, with over 660 acres.

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It 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.

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Some bold remodels don't require a complete tear-down of what's happening at Caesars Entertainment's Ballys resort/casino. This property will be rebranded as Horseshoe, but it won't be demolished. Caesars tried to sell Flamingo earlier this year but failed; the incoming owner anticipated demolishing the 1946 building.

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Highlights of the Luxor Hotel and Casino You can find the Egyptian theme throughout the Luxor Hotel and Casino. Enter the atrium along a moving walkway that travels through a replica of Giza's Great Sphinx. The Sphinx is 110 ft high – 46 ft taller than the original statue in Egypt. It's a fun spot to snap selfies.

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