MGM Growth Properties Reports Increased Q2 Profit Before VICI Acquisition

Last updated: August 9, 2021 11:34 am

1 Min Read

Total revenue for the three months through to 30 June amounted to $194.3m, which was level with the same period in 2020.

In the finance sector, rental revenue and ground lease revenue have remained unchanged. The rental revenue stands at $188.3m, while the ground lease revenue remains at $6.0m.

The financial quarter witnessed MGP agreeing to purchase the real estate assets of MGM Springfield from MGM Resorts for a cash sum of $400.0 million.

MGM Springfield will be included in the current master lease with MGM, resulting in an annual rent payment increase of $30.0m.

Share This Article

By Jamie Becker

Jamie Becker is a highly regarded writer with a fervent passion for gambling and online gaming. With over a decade of experience in the industry, Jamie has established himself as a knowledgeable and trusted authority, covering a wide range of topics from casinos and sports betting to poker strategies and the latest trends in online gambling. His writing is noted for its meticulous research, clarity, and engaging style, making complex subjects easy to understand and enjoyable for readers of all levels. Jamie’s articles provide in-depth reviews, expert tips, and up-to-date industry insights, helping gamblers make well-informed decisions and enhance their gaming experiences.