MGM Growth Properties to pay consideration of $637.5 million to MGM Resorts. Master lease rent to increase by $50 million.
MGM Resorts to acquire operations of the Hard Rock Rocksino from MGM Growth Properties for $275 million.
Total consideration of $850 million for the real estate and operations. MGP to pay consideration of $625 million to MGM
MGP plans to fund the purchase price with a combination of cash on hand and debt.
MGM Resorts will pay approximately $600 million for Boyd Gaming's 50 percent interest, subject to customary working capital adjustments, after
Thomas Roberts and Michael Rietbrock to serve as independent Directors of MGP.