GMA quoted on Vixio Gambling Compliance
MGM REIT Sale Fuels Speculation At Second Bid for Entain
by Chris Sieroty
VICI Properties plans to acquire MGM Growth Properties (MGP), including MGM Resorts International’s stake in the real estate investment trust (REIT), in a deal that values the REIT at $17.2bn and will provide some $4.4bn to fund MGM’s expansion initiatives.
The deal, announced on Wednesday, will create the largest U.S. owner of experiential real estate, valued at $45bn, and see VICI buy most of the operating partnership unites held by MGM Resorst in MGM Growth for about $4.4bn in cash.
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