Upon signing the sale agreement, MGM Resorts’ master lease with VICI Properties, which currently involves the Gold Strike Casino, will be modified to reduce the annual rent by $40 million to account for the sale of the Gold Strike business.

However, this sum is according to the contract published in September 2021.įor the year ended December 31, 2022, Gold Strike publicly announced net income of $47 million and EBITDAR of $98 million. On February 15, MGM Resorts International, a leading internationally recognized hospitality and entertainment company based in Las Vegas, Nevada, reported that it has completed the sale of its subsidiary Gold Strike casino based in Tunica, Mississippi, to CNE Gaming Holdings LLC, a popular subsidiary of Cherokee Nation Businesses, for $450 million in cash.īut that’s not all because Churchill Downs Incorporated, a leading Kentucky-based public company that owns multiple racetracks and casinos, also reported that it has finalized an agreement to sell the 326-acres property called Arlington International Racecourse in Arlington Heights, Illinois, to the Chicago Bears for $197.2 million.

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