MGM Resorts to Acquire Operations of the Hard Rock Rocksino in Northfield, Ohio from MGM Growth Properties for $275 million

MGM Resorts International | September 19, 2018

LAS VEGAS, Sept. 19, 2018 -- MGM Resorts International ("MGM Resorts") (NYSE: MGM) and MGM Growth Properties LLC ("MGP") (NYSE: MGP) today announced that they have entered into an agreement whereby MGM Resorts will acquire all of the operating assets of the Hard Rock Rocksino Northfield Park (the "Rocksino") from MGP and lease the real property associated with the Rocksino from a subsidiary of MGP. MGM Resorts will pay total consideration of approximately $275 million, subject to customary working capital and other adjustments. The Rocksino will be added to the existing master lease between MGM Resorts and ...