08:12 AM EDT, 10/16/2025 (MT Newswires) -- MGM Resorts International ( MGM ) said Thursday that it agreed to sell the operations of MGM Northfield Park racetrack and casino in Northfield, Ohio for $546 million in cash to private equity funds managed by Clairvest Group.

When the deal closes, which is expected in H1 of 2026, MGM Resorts' ( MGM ) master lease agreement with VICI Properties ( VICI ) , which includes MGM Northfield Park, will be amended to lower rent by $54 million a year, the company said. It also said it estimates the net cash proceeds after taxes and transaction costs to be approximately $420 million.