Casino landlord Vici buys MGM Resorts spinoff in $17B deal

1 month ago 13
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August 4, 2021 - 6:52 am

Updated August 4, 2021 - 7:37 am

A large casino landlord is buying different successful a $17 billion-plus deal, putting the existent property ownership of galore of Las Vegas’ biggest resorts nether 1 company.

Caesars Entertainment-spinoff Vici Properties is acquiring MGM Resorts International-spinoff MGM Growth Properties, the companies announced today.

The transaction is valued astatine $17.2 billion, which includes the presumption of astir $5.7 cardinal of debt.

This is simply a processing story. Check backmost for updates.

Contact Eli Segall astatine esegall@reviewjournal.com oregon 702-383-0342. Follow @eli_segall connected Twitter.

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