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MGM sells Springfield property to real estate trust MGM Growth Properties; no impact expected on day-to-day casino operations
Posted May 11, 2021
MGM Resorts International is selling the land and buildings at MGM Springfield to an affiliate, MGM Growth Properties. (Don Treeger | The Republican file photo)
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SPRINGFIELD MGM Resorts International is selling the land and buildings at MGM Springfield to its affiliate, MGM Growth Properties, a real estate investment trust for $400 million in a move that is not expected to impact day-to-day operations at the casino.
MGM Resorts will continue to operate and maintain the properties under a long-term lease, both companies announced Tuesday, following the close of the stock market. This deal has been discussed for three years, just a few months after MGM Springfield opened. ....

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