{"id":9979,"date":"2025-10-17T02:01:54","date_gmt":"2025-10-17T02:01:54","guid":{"rendered":"https:\/\/casino-online-best.com\/index.php\/2025\/10\/17\/mgm-resorts-sells-northfield-park-operations-for-546-million\/"},"modified":"2025-10-17T02:01:54","modified_gmt":"2025-10-17T02:01:54","slug":"mgm-resorts-sells-northfield-park-operations-for-546-million","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/10\/17\/mgm-resorts-sells-northfield-park-operations-for-546-million\/","title":{"rendered":"MGM Resorts Sells Northfield Park Operations for $546 Million"},"content":{"rendered":"<div>\n<p>MGM Resorts International has agreed to sell the operations of MGM Northfield Park to Clairvest Group for $546 million in cash, marking another step in the company\u2019s long-term strategy to focus on its digital and global projects.<\/p>\n<hr>\n<p><em><strong>Good to Know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>The sale will reduce MGM\u2019s master lease payments to VICI Properties by $54 million annually.<\/strong><\/em><\/li>\n<li><em><strong>MGM originally purchased the Northfield Park operations in 2019 for $275 million.<\/strong><\/em><\/li>\n<li><em><strong>MGM Yonkers has withdrawn its bid for a New York commercial casino licence.<\/strong><\/em><\/li>\n<\/ul>\n<hr>\n<p>The Northfield Park deal is part of MGM\u2019s ongoing asset optimization plan, which aims to generate liquidity and streamline operations while continuing to invest in integrated resort development and digital expansion. Once the transaction is completed, MGM\u2019s master lease agreement with VICI Properties will be amended to reflect a $54 million reduction in annual rent.<\/p>\n<p>Bill Hornbuckle, CEO and President of MGM Resorts International, thanked the team behind Northfield Park for their work in shaping the property\u2019s success, saying:<\/p>\n<p><em>\u201cI want to thank our MGM Northfield Park employees who have consistently delivered world-class gaming and entertainment experiences to our guests. This is a great property with great opportunity ahead.<\/em><\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"7Bit Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/7BitCasino.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"7Bit Casino\" target=\"_blank\" rel=\"nofollow\">7Bit Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>177% up to 5BTC + 77 <strong>\u00a0Free Spins<\/strong>!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/7-bit-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><em>\u201cAt MGM Resorts, our vision is to be the world\u2019s premiere gaming entertainment company. To achieve this vision, we\u2019re focused on growing our digital business, developing our international expansion opportunities, and continuing to invest in our leading integrated resorts domestically.\u201d<\/em><\/p>\n<p>The property, originally known as Hard Rock Rocksino Northfield Park, was acquired by MGM Growth Properties in 2018 before MGM Resorts took over operations in 2019. The rebranding to MGM Northfield Park followed soon after, transforming it into one of Ohio\u2019s leading entertainment destinations.<\/p>\n<h2>Financial Perspective and Market Confidence<\/h2>\n<p>Jonathan Halkyard, CFO and Treasurer of MGM Resorts, highlighted the strong financial outcome of the transaction, noting:<\/p>\n<p><em>\u201cThis is an excellent result for MGM Resorts and demonstrates consistency in driving transaction multiples at meaningful premiums over where MGM Resorts currently trades.<\/em><\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"BetUS\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/BetUS.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"BetUS\" target=\"_blank\" rel=\"nofollow\">BetUS<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong><strong>Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of up to $2,500<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino &#038; Sports<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><em>\u201cThe divestiture underscores MGM Resorts\u2019 exceptional financial stewardship, delivering substantial value well beyond the original acquisition price. We appreciate VICI, as the real estate owner of MGM Northfield Park, working constructively with Clairvest to facilitate a new lease agreement.\u201d<\/em><\/p>\n<p>Industry analysts view the sale as consistent with MGM\u2019s pattern of recycling capital from mature US assets into growth initiatives such as MGM China, BetMGM, and its newly launched digital projects across Asia and Europe.<\/p>\n<p>Meanwhile, in a separate development, MGM Yonkers has <a href=\"https:\/\/igaming.org\/casino-news\/mgm-drops-yonkers-casino-proposal-on-deadline-day\/\">officially withdrawn<\/a> its application for a commercial casino licence from the New York State Gaming Commission, leaving competitors such as Caesars and Bally\u2019s in a stronger position to pursue the remaining downstate licences.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/mgm-resorts-sells-northfield-park-operations-for-546-million\/\">MGM Resorts Sells Northfield Park Operations for $546 Million<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>MGM Resorts International has agreed to sell the operations of MGM Northfield Park to Clairvest Group for $546 million in cash, marking another step in the company\u2019s long-term strategy to focus on its digital and global projects. Good to Know The sale will reduce MGM\u2019s master lease payments to VICI Properties by $54 million annually. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-9979","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9979","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=9979"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9979\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=9979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=9979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=9979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}