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Announced

Clairvest Group to acquire MGM Northfield Park from MGM Resorts International for $546m.

Synopsis

Clairvest Group, a private equity management firm, agreed to acquire MGM Northfield Park, an award-winning gaming, dining, and entertainment destination, from MGM Resorts International, a global hospitality and entertainment company operating destination resorts in Las Vegas, for $546m. "I 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. At MGM Resorts, our vision is to be the world's premiere gaming entertainment company. To achieve this vision, we're focused on growing our digital business, developing our international expansion opportunities, and continuing to invest in our leading integrated resorts domestically," Bill Hornbuckle, MGM Resorts International CEO & President.

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