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MGM Resorts to Sell MGM Northfield Park Operations for $546M
ZACKS· 2025-10-17 22:42
Key Takeaways MGM Resorts will sell its MGM Northfield Park operations to Clairvest Group funds for $546M in cash.The sale will yield about $420M in net proceeds and cut MGM's annual rent obligations by $54M. The move aligns with MGM's focus on digital growth, international expansion and portfolio optimization.MGM Resorts International (MGM) has announced an agreement to divest the operations of MGM Northfield Park to private equity funds managed by Clairvest Group Inc. in a deal valued at $546 million in c ...