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Sign in Sign up for a FREE subscriptionMGM Growth Properties pays $400m for property
MGM Resorts International and MGM Growth Properties have entered into a definitive agreement whereby MGP will purchase the real estate assets associated with MGM Springfield in Western Massachusetts, a casino resort. MGM Resorts will lease the property from MGP and continue to operate the property following the consummation of the transaction, with no expected change to its employees, vendors, customers and the community.
MGP will pay total consideration of approximately $400 million in cash.
