MGM Resorts completes US$546M sale of MGM Northfield Park in Ohio, US
Thursday 23 de April 2026 / 12:00
⏱ 1 min read
(Macau / US).- MGM Resorts International, the parent of Macau casino operator MGM China Holdings Ltd, announced last Tuesday that it has finalised the sale – for US$546 million in cash – of the operations of MGM Northfield Park (pictured) to private equity funds managed by Clairvest Group Inc.
The casino firm expects estimated net cash proceeds after taxes and transaction costs to be approximately US$420 million.
MGM Northfield Park in Ohio, in the United States, offers 200,000 square feet (18,581 sq. metres) of gaming space. The venue has been temporarily shut for the period of the transition.
Bill Hornbuckle, chief executive and president of MGM Resorts, said in prepared remarks that MGM Northfield Park was a “market‑leading property”, with a “strong foundation”.
He added: “We extend our best wishes to the team and new ownership for continued success in the next chapter of the property’s evolution.”
The annouuncement cited Jonathan Halkyard, MGM Resorts’ chief financial officer, as saying: “The closing of this transaction underscores the value of MGM’s high-quality operations and provides an opportunity to divest a non-strategic regional asset at a significantly higher multiple than currently ascribed to our premium portfolio.”
Mr Halkyard stated: “The proceeds will be deployed in line with our priorities of maintaining a strong balance sheet, selectively investing in growth opportunities, and returning capital to shareholders.”
MGM Resorts said that, at the closing of the transaction, the master lease agreement with VICI Properties Inc – which included MGM Northfield Park – was amended, to reduce annual rent by US$53 million.
MGM Resorts is currently developing, in partnership with Japanese financial services firm Orix Corp and other local business interests, the MGM Osaka casino resort, due to launch at the end of 2030. Its cost is currently estimated at JPY1.51 trillion (US$9.45 billion).
Categoría:Casino
Tags: Sin tags
País: Macao
Región: Asia
Event
PERU GAMING SHOW – PGS 2026
17 de June 2026
Enhancing Responsible Gaming Through Effective Training at PGS 2026
(Lima, SoloAzar Exclusive) – Training, prevention, and technology took center stage at the "Value of Responsible Gaming in Gambling Operations" conference during the 2026 Perú Gaming Show (PGS). Presented by Fernando Calderón Castro, President of the National Gaming Society (SONAJA), the session brought industry leaders together to tackle current challenges and explore strategies for safer, more transparent, and sustainable operations.
Wednesday 22 Jul 2026 / 12:00
LSports at the Peru Gaming Show: Building Presence, Opening Doors
(Lima, SoloAzar Exclusive).- The Peru Gaming Show was never just about the booth. For LSports, it was about showing up in a market where showing up still matters — and leaving with more than a contact list. Federico Brancato, Sales Manager for the LATAM Region, came to Lima with a clear sense of what operators in this part of Latin America need most right now. What he found confirmed it.
Friday 17 Jul 2026 / 12:00
Martin Ivanov: "Latin America remains one of CT Interactive's key strategic regions"
(Lima, SoloAzar Exclusive).- CT Interactive Chief Operating Officer Martin Ivanov reflects on the company's experience at the Peru Gaming Show, highlights the opportunities emerging in the Peruvian market, and outlines the company's strategic priorities for expanding across Latin America.
Thursday 16 Jul 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
