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MGM Growth Properties LLC

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.

06/12/2024
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02/12/2024