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285:, for $ 625 million, and leased it to MGM Resorts. In April 2019, MGM Resorts bought Northfield's operating business from MGM Growth for $ 275 million in stock, assumed control from Hard Rock, and rebranded the property as MGM Northfield Park. MGM Resorts leased the property from MGM Growth for initial rent of $ 60 million per year.
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669:"MGM Resorts, MGM Growth Properties and Blackstone Real Estate Income Trust announce completion of MGP/BREIT joint venture's acquisition of the MGM Grand Las Vegas and Mandalay Bay real estate for $ 4.6 billion"
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296:. The joint venture paid $ 2.1 billion to MGP for Mandalay Bay, and $ 2.4 billion to MGM Resorts for the MGM Grand. MGP took 50.1 percent ownership of the joint venture.
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for $ 17.2 billion (consisting of $ 4.4 billion of cash, $ 5.7 billion of assumed debt, and the remainder in stock). The sale was completed on April 29, 2022.
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481:"MGM Growth Properties LLC and MGM Resorts International Complete Transactions for Acquisition of Borgata Hotel Casino & Spa"
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from MGM Resorts for $ 400 million. The property would be leased back to MGM Resorts for initial rent of $ 30 million per year.
739:"MGM sells Springfield property to real estate trust MGM Growth Properties; no impact expected on day-to-day casino operations"
522:
597:"MGM Resorts International and MGM Growth Properties complete transaction to acquire Empire City Casino in Yonkers, New York"
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655:"MGM Resorts International and MGM Growth Properties LLC announce agreement for Hard Rock Rocksino in Northfield, Ohio"
499:"MGM Resorts International And MGM Growth Properties LLC Announce Transaction On MGM National Harbor Casino Resort"
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properties. The company had whole or majority ownership of 15 properties, all of which were operated by
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440:"MGM Resorts International Announces Pricing Of Initial Public Offering By MGM Growth Properties LLC"
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814:"VICI Properties Inc. Completes $ 17.2 Billion Strategic Acquisition of MGM Growth Properties LLC"
788:"VICI Properties Inc. Announces $ 17.2 Billion Strategic Acquisition of MGM Growth Properties LLC"
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691:"MGM Resorts Agrees to Sell MGM Grand, Mandalay Bay to Joint Venture Including Blackstone"
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remained as the property's manager. In
January 2019, the company bought another racino,
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The properties owned by MGM Growth
Properties at the time of its acquisition were:
221:
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616:"With deal closing, the Hard Rock Rocksino officially becomes MGM Northfield Park"
637:"MGM Resorts entering Ohio through acquisition of Hard Rock Rocksino operations"
600:
502:
484:
443:
579:"MGM finalizes $ 850 million deal for Empire City Casino in Yonkers, New York"
379:
255:
On August 1, 2016, the company acquired the real estate assets related to the
217:
111:
560:"MGM Growth Properties closes $ 1.06 billion purchase of Hard Rock Rocksino"
849:
844:
599:(Press release). MGM Resorts International. January 29, 2019 – via
392:
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Sayre, Katherine; Gottfried, Miriam; Lombardo, Cara (January 14, 2020).
864:
518:"MGM National Harbor is changing hands — sort of — for nearly $ 1.2B"
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182:
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Real Estate Income Trust to own the real estate of
Mandalay Bay and
539:"MGM subsidiary buying Maryland casino; $ 1B share repurchase OK'd"
128:
790:(Press release). Vici Properties. August 4, 2021. Archived from
657:(Press release). MGM Resorts International. September 19, 2018.
716:"MGM Resorts selling MGM Grand, Mandalay Bay for about $ 2.5B"
671:(Press release). MGM Resorts International. February 14, 2020
764:"Casino Owner Vici Properties to Buy MGM Growth Properties"
908:
Companies formerly listed on the New York Stock
Exchange
422:"MGM Growth Properties LLC 2019 Form 10-K Annual Report"
189:. The company leased the properties to MGM Resorts via
288:
In
February 2020, MGP formed a joint venture with the
460:"MGM Growth Properties Raises $ 1.05 Billion in IPO"
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928:Real estate investment trusts of the United States
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299:In May 2021, MGP agreed to buy the real estate of
840:Business data for MGM Growth Properties LLC:
306:In August 2021, MGP agreed to be acquired by
8:
205:The company was formed on October 23, 2015.
19:
25:
18:
898:American companies disestablished in 2022
537:Velotta, Richard N. (September 5, 2017).
398:Yonkers Raceway & Empire City Casino
283:Yonkers Raceway & Empire City Casino
262:In September 2017, the company acquired
208:On April 25, 2016, the company became a
918:Gambling companies of the United States
516:Neibauer, Michael (September 5, 2017).
426:U.S. Securities and Exchange Commission
408:
893:American companies established in 2015
416:
414:
412:
7:
903:Companies based in Summerlin, Nevada
718:. Associated Press. January 14, 2020
635:Stutz, Howard (September 19, 2018).
457:Driebusch, Corrie (April 19, 2016).
802:– via MGM Growth Properties.
385:New York-New York Hotel and Casino
230:New York-New York Hotel and Casino
197:in April 2022 for $ 17.2 billion.
14:
762:Dave Sebastian (August 4, 2021).
614:Suttell, Scott (April 1, 2019).
577:Kinney, Jim (January 30, 2019).
252:from MGM Resorts International.
152:
151:
135:
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118:
117:
101:
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523:American City Business Journals
181:, that invested in large-scale
162:Footnotes / references
193:. The company was acquired by
1:
888:2022 mergers and acquisitions
883:2016 initial public offerings
558:Exner, Rich (July 11, 2018).
277:in Ohio, for $ 1.02 billion.
234:Monte Carlo Resort and Casino
737:Kinney, Jim (May 11, 2021).
328:Borgata Hotel Casino and Spa
257:Borgata Hotel Casino and Spa
175:real estate investment trust
16:Real estate investment trust
944:
913:Defunct gambling companies
333:Excalibur Hotel and Casino
238:Excalibur Hotel and Casino
171:MGM Growth Properties, LLC
20:MGM Growth Properties, LLC
923:MGM Resorts International
269:In July 2018, MGP bought
187:MGM Resorts International
160:
24:
678:– via PR Newswire.
544:Las Vegas Review-Journal
695:The Wall Street Journal
466:The Wall Street Journal
279:Hard Rock International
214:initial public offering
179:Summerlin South, Nevada
86:Summerlin South, Nevada
139:$ 11.9 billion (2019)
57:; 2 years ago
39:; 8 years ago
37:October 23, 2015
818:www.businesswire.com
621:Crain Communications
505:. September 5, 2017.
156:$ 6.9 billion (2019)
122:$ 275 million (2019)
105:$ 881 million (2019)
768:Wall Street Journal
370:MGM Northfield Park
365:MGM National Harbor
359:MGM Grand Las Vegas
294:MGM Grand Las Vegas
266:for $ 1.2 billion.
264:MGM National Harbor
55:April 29, 2022
21:
794:on August 17, 2021
641:CDC Gaming Reports
338:Gold Strike Tunica
242:Gold Strike Tunica
501:(Press release).
487:. August 1, 2016.
483:(Press release).
446:. April 19, 2016.
442:(Press release).
354:MGM Grand Detroit
246:MGM Grand Detroit
191:triple-net leases
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343:Luxor Las Vegas
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301:MGM Springfield
271:Northfield Park
226:Luxor Las Vegas
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361:(50.1% stake)
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822:. Retrieved
820:. 2022-04-29
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796:. Retrieved
792:the original
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240:, The Park,
222:Mandalay Bay
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173:(MGP) was a
170:
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146:Total equity
129:Total assets
81:Headquarters
73:Acquired by
860:SEC filings
722:January 14,
700:January 14,
601:PR Newswire
503:PR Newswire
485:PR Newswire
444:PR Newswire
323:Beau Rivage
250:Beau Rivage
877:Categories
824:2022-05-01
773:2021-08-04
748:2021-05-12
675:2020-10-03
404:References
380:The Mirage
314:Properties
290:Blackstone
259:from MGM.
218:The Mirage
112:Net income
62:2022-04-29
44:2015-10-23
845:Bloomberg
798:August 5,
177:based in
743:MassLive
393:Park MGM
389:The Park
855:Reuters
212:via an
201:History
97:Revenue
60: (
52:Defunct
42: (
34:Founded
865:Yahoo!
850:Google
275:racino
248:, and
183:casino
800:2021
724:2020
702:2020
273:, a
70:Fate
879::
816:.
766:.
741:.
693:.
639:.
618:.
581:.
562:.
541:.
520:.
463:.
424:.
411:^
244:,
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603:.
585:.
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64:)
46:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
