mgm growth properties llc
MGM Growth Properties to Be Acquired by VICI in Stock-for-Stock Transaction Valuing MGP at $17.2 Billion
MGM Resorts International | August 4, 2021
LAS VEGAS - Aug. 4, 2021 - MGM Resorts International today announced that it has entered into a definitive agreement with VICI Properties Inc. ("VICI") (NYSE: VICI) and MGM Growth Properties LLC ("MGP") (NYSE: MGP) whereby VICI would redeem a majority of MGP operating partnership units held by MGM Resorts for $43 per unit, or approximately $4.4 billion in cash, and acquire 100% of the outstanding class A shares of MGP in a stock-for-stock transaction. "In 2016 we started on our journey to become asset light and this announcement, together with our recently announced Springfield and CityCenter transactions, reflects the culmination of those...
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...
