MGM Sells Portion of Real Estate Arm

Sat, Dec 12, 2020

MGM Resorts has sold more than 3.5 percent of its stake in MGM Growth Properties, its real estate investment trust. The sale added $700 million to its balance sheet which could be used to reduce debt or expand its operation of BetMGM, its sports betting partnership with GVC Holdings.

MGM Sells Portion of Real Estate Arm

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