I was in Vegas for the convention earlier this month. I heard (a rumor?) from two individuals at a local watering hole that the Hilton already has a plan in place on what's replacing the Experience.
According to them, it's going to be a performance space and themed Experience featuring the career of a high profile Entertainer. Said Entertainer has been signed to a contract to do shows for the next three years in the new space.
The person in question...?
Supposedly one of the owners/investors in the Hilton bailed him out when he had mortgage troubles with his Neverland Ranch. This is the payment in return for that help.
Take it FWIW.