In a related transaction, MGM Resorts International entered into an agreement to acquire real property and operations of Empire City Casino at Yonkers Raceway for approximately $900 million including the refinancing of Empire City's outstanding debt, which is expected to be approximately $245 million at the time of closing. ![]() MGM Growth Properties LLC will issue 12.9 million shares and assume approximately $245 million of debt. MGM Growth Properties LLC (NYSE:MGP) ("MGP") entered into an agreement to acquire developed real property associated with Empire City from MGM Resorts International (NYSE:MGM) for approximately $630 million on May 28, 2018.
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