MGM Resorts International has sold the operations of MGM Northfield Park to Clairvest-managed private equity funds for $546 million in cash. The sale allows MGM to divest a non-strategic regional asset at a high valuation multiple, with estimated net proceeds of about $420 million after taxes and costs. MGM will use the funds to strengthen its balance sheet, invest selectively in growth opportunities, and return capital to shareholders. The transaction also includes an amendment to MGM's lease agreement, reducing annual rent by $53 million.
BetMGM, a leading North American sports betting and iGaming operator jointly owned by MGM Resorts and Entain, will publish its business update for the second quarter of 2026 on July 28. The company will host a live audio webcast and Q&A session for i...
Bleichmar Fonti & Auld LLP is investigating Barry Diller's $48.30 per share offer to acquire the remaining shares of MGM Resorts International due to potential breaches of fiduciary duty. Diller, a board member and largest shareholder through People,...
