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MGM sells Ohio racino to Clairvest for $546M, boosting digital and international focus.
MGM Resorts International has agreed to sell its Northfield Park racino in Ohio to Clairvest Group for $546 million in cash, pending regulatory approvals and closing conditions, with the deal expected in early 2026.
The property, which generated $137 million in adjusted EBITDA over the past year, was originally acquired in 2018 for $275 million.
The sale will yield about $420 million in net cash proceeds after taxes and fees, and will reduce MGM’s annual rent to VICI Properties by $54 million.
The transaction supports MGM’s strategic shift toward digital operations, international growth, and top-tier U.S. resorts.
Clairvest, a private equity firm with experience in gaming, plans to enhance entertainment offerings at the 74,000-square-foot facility, which includes 1,600 video lottery terminals, a racetrack, and dining and entertainment venues.
MGM vende Ohio Racino a Clairvest por 546 millones de dólares, aumentando el enfoque digital e internacional.