Sunday, December 14, 2014

Hakkasan Aims to Dominate Vegas Nightlife Scene with Light Group Buyout

Martin Garrix
Martin Garrix performing at Hakkasan Nightclub.
 
Hakkasan Group is set to acquire a majority stake in Light Group, the operator of Las Vegas nightclubs including Light and 1 Oak, according to sources that spoke with Forbes.
 
“If Hakkasan is able to complete its deal for Light, the hospitality firm may own three of the largest nightclubs by the time of Omnia’s opening next year,” Forbes writes. “While the final purchase price is unclear, those familiar with the negotiations suggested that the deal could be valued at more than $40 million in cash and debt, with Hakkasan taking control of about 20 restaurants and clubs in Las Vegas, Los Angeles and Miami.”
 
Representatives at Hakkasan Group and Light Group declined to speak with Forbes.
 
In October, Hakkasan announced plans to launch Omnia in the former Pure Nightclub space at Caesars Palace. The 75,000-square foot club is expected to open in spring 2015.
 
Its flagship Vegas club, which launched in 2013, boasts a lineup of superstar DJs including Calvin Harris, Hardwell, Afrojack, Steve Aoki, Martin Garrix, and Tiesto.
 
Related: Hakkasan Las Vegas Announces 2014 Lineup

| Music Industry
Hakkasan, Las Vegas,

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