Latest MGM Growth Properties LLC News

FILE - In this Oct, 29, 2018 file photo James Murren, CEO of MGM Resorts International, participates in a news conference in New York. Murren the head of casino giant MGM Resorts International says he'll step down as company chairman and chief executive as soon as the company leaders find his successor. Murren was praised in a company statement Wednesday, Feb. 12, 2020, saying he informed the corporate board he intends to leave before his contract expires, at the end of 2021. (AP Photo/Seth Wenig,File)

Chief executive at MGM Resorts says he'll step down

Feb. 12, 2020 7:36 PM EST

LAS VEGAS (AP) — Jim Murren, the head of casino giant MGM Resorts International, says he’ll step down as chairman and chief executive as soon as the company finds a successor. Murren has led the company since 2008. A corporate statement Wednesday said he intends to leave before his contract expires...

FILE - In this Aug. 3, 2015, file photo, a man rides his bike past the MGM Grand hotel and casino in Las Vegas. MGM Resorts International is selling the MGM Grand and Mandalay Bay resorts and casinos on the Las Vegas Strip to a joint venture for about $2.5 billion. (AP Photo/John Locher, File)

MGM Resorts selling MGM Grand real estate assets for $2.5B

Jan. 14, 2020 12:30 PM EST

LAS VEGAS (AP) — MGM Resorts International is selling the real estate assets of the MGM Grand on the Las Vegas Strip to a joint venture for about $2.5 billion. The joint venture includes private-equity and real estate company Blackstone Group and MGM Growth Properties LLC. MGM Resorts anticipates cash...