Tao Group Hospitality and Hakkasan Group, the two biggest nightlife players on the Las Vegas Strip, announced a merger this week. The partnership will bring together 61 different restaurants and clubs. Terms of the deal were kept private.
“We think that the clubs speak for themselves, not just through our headliners but through the experience,” said Hakkasan Group Executive Vice President of Entertainment James Algate.
Beloved Tao/Hakkasan spots include Hakkasan Nightclub at MGM, Omnia at Caesars Palace, Tao Nightclub at The Venetian, and Marquee and Beauty & Essex at The Cosmopolitan.
Traditional nightclubs and dancefloors are set to return to Las Vegas on May 1. Venues will be limited to 80% capacity until June 1, when the city drops its social distancing requirements.
"Hakkasan Group is a strong strategic fit with a venue portfolio that not only expands our U.S. presence, but gives us an important foothold in key global destinations," Tao Group co-CEO Noah Tepperberg said in a statement. "Over the last 20 years, Hakkasan Group has built some of the most successful brands in the hospitality industry. This partnership provides a tremendous platform to use our combined scale to create new opportunities that drive value."