MGM Resorts to sell operations of MGM Northfield Park for $546M

MGM Resorts (MGM) has reached an agreement to sell the operations of MGM Northfield Park to private equity funds managed by Clairvest Group for $546M in cash, subject to customary purchase price adjustments. For the 12 months ended June 30, 2025, MGM Northfield Park reported Adjusted EBITDAR of approximately $137M. The company expects estimated net cash proceeds after taxes and transaction costs to be approximately $420M. MGM Growth Properties acquired the Hard Rock Rocksino Northfield Park in July 2018. In 2019, MGM Resorts acquired the operations from MGP for $275M plus purchase price adjustments and rebranded the property as MGM Northfield Park. The transaction is expected to close in the first half of 2026.