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StocksMediumUpdated×4•Originally published 21 April 2026•Updated 22 April 2026•

1 min read

MGM Resorts Completes Sale of Northfield Park Operations for $546 Million

Key Facts

1MGM Resorts completed the sale of MGM Northfield Park operations for $546 million in cash.

about 1 month ago

Version History

1 additional source confirmed this story

Version 4about 1 month ago

What changed: Added specific confirmation from the CFO regarding the non-strategic nature of the asset and confirmed the NYSE ticker symbol.

Version 3about 1 month ago

What changed: The story was updated to clarify MGM's strategic intent for the proceeds and the classification of the asset as non-strategic.

Version 2about 1 month ago

What changed: The story was updated to include specific details of Clairvest's investment structure, including the dollar amounts contributed and the identification of equity partners and the RRC management team.

Version 1about 1 month ago

What changed: Added details regarding the $53 million annual rent reduction to VICI Properties and plans for shareholder capital returns.

MGM Resorts International (NYSE: MGM) has finalized the sale of its MGM Northfield Park operations to funds managed by Clairvest Group Inc. for $546 million in cash. The company's CFO explicitly characterized the asset as non-strategic, confirming its alignment with the firm's broader divestment strategy. Clairvest invested $165 million for a majority interest in partnership with RRC Gaming Management. MGM plans to deploy the sale proceeds toward strengthening its balance sheet, investing in growth initiatives, and returning capital to shareholders. Following the deal, VICI Properties entered into a triple-net lease agreement with Clairvest for an initial annual rent of $53 million. To facilitate the transition, the MGM Master Lease was amended to reflect a corresponding reduction, ensuring VICI's aggregate revenue remains stable.