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With the pending Mirage closure next week, Las Vegas will has lost a lot of hotel rooms in a short amount of time. According to a Nevada-based gaming analyst company, two of the largest casino operators on the Las Vegas Strip<\/a> are poised for substantial economic gains following these closures.<\/p>\n That equity research company, CBRE Group<\/a>,<\/strong> believes their data shows that the shutdown of the Tropicana Las Vegas in April, as well as the Mirage closures on July 17th, will create a favorable market for Caesars and MGM. Losing both of these popular resorts means the removal of nearly 1,500 rooms from the Tropicana and over 3,000 rooms from the Mirage. That\u2019s a lot of inventory gone in a short amount of time.<\/p>\n Collectively, the shut down of both resorts constitutes nearly a 5% percent reduction in the hotel supply along the Las Vegas Strip. The decrease in available rooms is expected to drive up average daily hotel rates. The research group believes that , given their substantial mid-tier room inventory, Caesars<\/a> and MGM are well-positioned to capture the displaced demand from the Tropicana and Mirage closure.<\/p>\n