NV -- Las Vegas -- Park MGM (formerly Monte Carlo):
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- Wikipedia Description: Park MGM
From Wikipedia, the free encyclopedia
The Park MGM, formerly Monte Carlo Resort and Casino, is a megaresort hotel and casino on the Las Vegas Strip in Paradise, Nevada, United States. The hotel, with a height of 360 ft (110 m), has 32 floors, including a 102,000-square-foot (9,500 m2) casino floor with 1,400 slot machines, 60 table games, and 15 poker tables. It is owned by Vici Properties and operated by MGM Resorts International. The hotel offers 2,992 guest rooms, including 259 luxury suites. The Monte Carlo was converted into Park MGM between late 2016 and 2018, with the upper floors being converted into a boutique hotel, NoMad Las Vegas.
The hotel, formerly named to invoke the Place du Casino in Monte Carlo, featured chandelier domes, marble floors, neoclassical arches, ornate fountains, and gas-lit promenades. As of 2010, Monte Carlo had a AAA-Four-Diamond rating.
History
Monte Carlo
Construction and opening
Park MGM is located on part of the former site of the Dunes casino and golf course. Mirage Resorts purchased the Dunes in 1992 and closed it in January 1993. In May 1994, Mirage and Gold Strike Resorts announced a joint venture to build a $250-million casino targeted at budget-conscious visitors, on 43 acres (17 ha) of the Dunes site. Ground was broken for the hotel in March 1995. Circus Circus Enterprises acquired Gold Strike in June 1995 and took over its role of managing the project.
Gold Strike had hoped to name the project as the Grand Victoria, the same name as the casino being developed by the company in Illinois, but that idea was discarded because of potential confusion with the MGM Grand. "Victoria" and "Victoria Bay" were reported as likely names for the property. Details about the property were revealed in July 1995, including that it would be named the Monte Carlo and feature Belle Époque architecture, based on the Monte Carlo Casino in Monaco.
The Monte Carlo opened to the public at midnight on June 21, 1996, following an invitation-only pre-opening celebration, including a fireworks show. The project ultimately cost $344 million to build.
2008 fire
On January 25, 2008, at 10:57 AM, a three-alarm fire was reported on the exterior of the top six floors and roof of the casino. Portions of the hotel facade's Exterior Insulation Finishing System burned with some debris falling and starting smaller secondary fires on ledges three floors below. The fire was fully contained an hour after it began. It was an exterior fire, although there was water damage to parts of several floors. The Hotel & Casino reopened to guests on February 15, 2008. MGM Mirage officials put the total losses due to fire damage and loss of business at just under $100 million. Fire investigators interviewed witnesses and investigated the scene, and determined the likely cause of the fire was the improper cutting and welding operations by contractors who were installing a steel catwalk.
Transition to Park MGM (2016–present)
In June 2016, MGM announced a joint venture with Sydell Group that the Monte Carlo would be renovated and rebranded as the Park MGM, named after the adjacent dining and entertainment district, The Park, that opened in April 2016, and the NoMad Hotel would occupy the top floors. It would feature a new Eataly restaurant. Both hotels began construction at the end of 2016, with completion planned for 2018. The property was officially renamed Park MGM on May 9, 2018. The resort's opened a new entertainment venue, the Park Theater, in December 2016.
Ownership of the Monte Carlo, along with many other MGM properties, was transferred in 2016 to MGM Growth Properties (later acquired by Vici Properties in 2022), while MGM Resorts continued to operate it under a lease agreement.
Nevada casinos were ordered to close in March 2020, due to the COVID-19 pandemic and its effects on the state. The state's casinos began reopening a few months later. When Park MGM and NoMad reopened on September 30, 2020, it instituted a non-smoking policy, becoming the only casino resort on the Las Vegas Strip to be smoke-free. This was done to attract a non-smoking clientele who dislike the cigarette smoke that is typically associated with casinos. The timing for such a decision was considered appropriate, as there was support for smoke-free policies amid the pandemic. The non-smoking policy had previously been considered two years earlier, until MGM Resorts passed on the idea. Smoking is still permitted in designated outdoor areas.
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