![]() In a statement, Bill Hornbuckle, MGM Resorts’ president and chief executive officer, said the transaction “serves the best interests of the shareholders of both companies and further advances our asset-light commitment.” He said MGM Springfield “has exhibited strong financial performance as it emerges from the pandemic. ![]() MGM Growth Properties will pay MGM Resorts about $400 million for the property. MGM Resorts will lease the property back from the trust and continue to operate the casino “with no expected change to its employees, vendors, customers and the community,” MGM Resorts said in a news release. ![]() MGM Resorts International will sell the real estate assets of MGM Springfield, its western Massachusetts casino, to MGM Growth Properties, the company’s real estate investment trust, the entities announced Tuesday.
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