MGM Resorts and MGM Growth Properties said they have agreed to buy Empire City Casino’s racetrack and casino for $850 million, entering the high-density New York market.
MGM Resorts International’s real-estate investment trust raised $1.05 billion in its initial public offering on Tuesday, The Wall Street Journal Reports. In a press release from the company, MGM resorts announced the pricing of the initial public offering of 50,000,000 shares by its subsidiary MGM Growth Properties LLC. MGM Growth Properties, which invests in properties […]
New York-listed MGM Resorts International’s new real estate subsidiary, which will own ten of the company’s properties, has announced plans for its initial public offering, according to a recent SEC filing. MGM Growth Properties LLC said it expects to raise up to $100 million from its proposed offering of shares, but according to Renaissance Capital, […]