![]() The buyout easily ranks among the biggest real estate deals ever on the Las Vegas Strip. The transaction includes about $5.7 billion in debt and is expected to close by next summer, subject to regulatory and stockholder approvals. It announced with MGM Resorts on Wednesday that it will buy out MGM Growth Properties MGP ,Ī publicly traded landowner of holdings in eight states. VICI Properties is a real estate investment trust that owns properties and leases them back to hospitality and entertainment operators. “Nothing is changing in terms of operations or branding,” he said. ![]() MGM Resorts property names will stay the same and gamblers, diners, shoppers and show-goers shouldn’t notice any difference, company spokesman Brian Ahern said Thursday.
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