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MGM Northfield Park Sold for More than $500M
The sale will reduce MGM's annual rent payments by $54 million and is expected to close by mid-2026, allowing MGM to focus on digital gaming and international expansion.
Summary by Cleveland 19 News
10 Articles
10 Articles
What's Going On With MGM Resorts On Thursday? - MGM Resorts International (NYSE:MGM)
MGM Resorts International (NYSE:MGM) disclosed a deal to sell the operations of MGM Northfield Park to private equity funds managed by Clairvest Group Inc. for $546 million in cash. • MGM stock is down today. See the complete data here. Details Northfield Park, located in Ohio, is a regional racino (racetrack and casino) serving the Cleveland and Akron areas. Among the property features are 74,000 square feet of gaming space with about 1,600 vid…
·New York, United States
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Total News Sources10
Leaning Left0Leaning Right2Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
C 67%
R 33%
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