Who ownes the mgm casino company

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There will be an initial lease term of 25 years, with three 10-year renewals. It adjusts the existing master lease so the initial annual rent is $860 million. The full deal values Growth Properties at $17.2 billion.

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LAS VEGAS (KSNV) - MGM Resorts has sold its real estate investment trust to another company in a deal that sends $4.4 billion in cash back to the Las Vegas-based casino operator.Ĭasino owner VICI Properties is acquiring all of the outstanding class A shares of MGM Growth Properties in a stock-for-stock transaction, MGM announced Wednesday.Īs part of the deal, VICI will also redeem a majority of Growth Properties operating partnership units held by MGM Resorts for $43 per unit, or about $4.4 billion total.

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