By Fiona Simmons

Industry

MGM Resorts and MGM Growth Properties Announce Redemption of $700 Million Partnership Units

December 4, 2020

MGM Resorts had $700 million as part of its agreement with MGP to exchange $1.4 billion of the MGP Operating Partnership units owned by MGM Resorts for cash by February 2022. MGM Resorts Left with 53% Stake in MGM Growth Properties On Wednesday, MGM Resorts announced it has reduced its ownership stake in its real […]

By Julie Moraine

Business

Gaming REITs Stock Undervalued, Offering Potential for Investors

June 28, 2020

Casino companies selling their gaming properties to real estate investment trusts (REITs) and then leasing them back was an event happening relatively often since the beginning of 2020, and especially during the period of casino closures when operators were struggling for short-term cash to cover their burn rates. It featured heavily into the Eldorado Resorts […]