Following MGM Resorts' acquisition of Empire City for approximately $850 million, MGP acquired the developed real property from MGM Resorts for approximately $625 million and leased it back to a subsidiary of MGM Resorts that will operate the property. 29, 2019 /PRNewswire/ - MGM Resorts International ('MGM Resorts') (NYSE: MGM) and MGM Growth Properties LLC ('MGP') (NYSE: MGP) announced today that they have completed the transactions for the acquisition of Empire City Casino in Yonkers, New York ('Empire City').
