hakkasan
Controlling interest in Tao Group sold by Madison Square Garden Hospitality
In 2017 Madison Square Garden Entertainment purchased a 67% share of the Tao Group for $181 million. MSGE has entered into an agreement to sell their share for $300 million to Mohari Hospitality (founded by the founder of Poker Stars), effectively valuing the entire company at $550 million. J. Allen Smith, Managing Partner, Mohari said …
Majority share of the Tao Group Being Shopped
James Dolan, the owner of the New York Knicks and the New York Rangers, is reportedly considering selling his share of the Tao Group, which includes a number of high-end nightclubs and restaurants. The company, which was founded in the early 2000s, has locations in cities across the United States, as well as internationally. A …
Inomniac takes over OMNIA San Diego
Expanding their nightclub presence, nightlife promoters Insomniac have announced they have taken over operation of the OMNIA San Diego nightclub now rebranded as Nova SD. The news notes this is a partnership between Insomniac and Tao Group Hospitality. This comes after Tao Group’s purchase of Hakkasan which included the San Diego venue. The opening weekend …
The Rumored Merger of Las Vegas Nightlife Titans is true with the Tao Group’s acquisition of Hakkasan Group
Nightlife in Las Vegas has just seen the most significant merger in its history as New York City-based Tao Group Hospitality acquired its Las Vegas headquarters. Both companies are two of the biggest players of nightlife and restaurants in Las Vegas and other major cities around the world. Each has a share of the city’s …
Hakkasan Releases 2019 Resident DJ List
No real surprises in store for 2019 but as has been the case for many years now, Hakkasan and sister venues Omnia and Wet Republic have booked some of the biggest names as resident djs for this year. One notable omission is Armin Van Buuren from this year’s lineup while an interesting addition is Porter …
Hakkasan and SBE merger officially off
Confirming industry suspicions, the Billion-dollar merger of Hakkasan and SBE announced a year ago is officially dead according to Restaurant-Hospitality.com who stated that in the past week a Hakkasan spokesperson confirmed as such. While there are obvious synergies in the two hospitality entities merging, we expect both to continue to add new venues and building …
Top djs help raise over $1 million for Las Vegas shooting victims
Last week a charity fundraiser took place at Omnia in Las Vegas. Some of Hakkasan’s biggest resident djs including Kaskade, Tiesto, Zedd and Steve Aoki played for free and Celine Dion made a surprise appearance as well to sing with Aoki! Other who spun the event included NGHTMRE, Cash Cash and Party Favor. While Calvin …
U.S. Government working to reclaim real estate handled by former Hakkasan head
According to published reports today, the Justice Department from the U.S. Government is inching towards the end of its process to recover the $3.5 billion in funds stolen from a Malaysian government fund known as the 1Malaysia Development Berhad. Participants in said crime took the proceeds to buy real estate, private jets, art as well …
Neil Moffitt head of Hakkasan steps down prior to merger with SBE
Effective today, Neil Moffitt, head of Hakkasan Group steps down after 5 years running the clubbing and restaurant behemoth. Moffitt stated: The task I set myself is now complete. I am incredibly proud of what we have achieved over the last five years as we have transformed our company from the hopeful and ambitious nightlife …
Breaking News: SBE (Hyde, Create Nightclub, SLS) in advanced merger negotiations with Hakkasan Group
Per the Wall Street Journal, SBE is in advanced talks with the Hakkasan Group to combine the two entertainment companies into a new company with hotel, restaurant and nightclub venues worldwide. The combined company would have an approximate valuation of $1 Billion per a source and close within 60 days per SBE CEO Sam Nazarian. While …
