MGM Resorts International and MGM Growth Properties LLC to Acquire Empire City Casino in Yonkers, New York

MGM Resorts International | May 29, 2018

LAS VEGAS, May 29, 2018 -- MGM Resorts International (the "Company" or "MGM Resorts") (NYSE: MGM) and MGM Growth Properties LLC (NYSE: MGP) today announced that MGM Resorts has entered into an agreement to acquire the real property and operations associated with the Empire City Casino's ("Empire City") race track and casino for consideration of $850 million. Further, MGM Resorts and MGP have entered into a definitive agreement whereby MGP will acquire the developed real property associated with Empire City from MGM Resorts and lease it back to a subsidiary of MGM Resorts, after which a subsidiary of MGM...