Las Vegas-based MGM Growth Properties LLC, which also manages MGM Resorts International’s New York-New York, Luxor, Excalibur, Monte Carlo and The Park properties as well as its MGM Grand Detroit, Beau Rivage and Gold Strike Tunica, declared that it intends to fund its latest acquisition through the use of ready cash and its existing debt facilities. MGM Growth Properties LLC runs twelve venues on behalf of MGM Resorts International including The Mirage and Mandalay Bay in Las Vegas and revealed that the agreement with the current owner of the northern Ohio venue, Milstein Entertainment LLC, is expected to close during the second half of the year subject to its receipt of the necessary regulatory approvals. The real estate investment trust (REIT) established in 2016 by American casino giant MGM Resorts International has announced the signing of a deal that will see it spend $1.06 billion in order to purchase the Hard Rock Rocksino Northfield Park. Betting on sports futures, props and lay betsĬasino Sales, Casino News, Latest Casino and Gambling News, Mergers, Acquisitions & Partnerships, Ohio.
