About MGM Growth Properties
MGM Growth Properties is a company based in Las Vegas (United States) founded in 2016 was acquired by VICI Properties in August 2021.. MGM Growth Properties has completed 1 acquisition, including Hard Rock Rocksino Northfield Park. MGM Growth Properties offers products and services including Experiential Real Estate and Golf Courses.
- Headquarter Las Vegas, United States
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Vici Properties Inc
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Annual Revenue
$782.06 M-1as on Dec 31, 2021
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Net Profit
$359.24 M124as on Dec 31, 2021
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EBITDA
$235.49 M-1as on Dec 31, 2021
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Latest Funding Round
$1.35 B (USD), Debt – Conventional
Jul 09, 2018
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
VICI Properties
(Aug 04, 2021)
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Products & Services of MGM Growth Properties
MGM Growth Properties offers a comprehensive portfolio of products and services, including Experiential Real Estate and Golf Courses. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Owning and leasing of gaming and hospitality destinations is undertaken by VICI Properties
Ownership of championship golf courses is maintained by VICI Properties as part of its diversified portfolio
Funding Insights of MGM Growth Properties
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $1.4B
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First Round
First Round
(01 Apr 2016)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2018 | Amount | Debt – Conventional - MGM Growth Properties | Valuation |
investors |
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| Apr, 2016 | Amount | Debt – Conventional - MGM Growth Properties | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in MGM Growth Properties
MGM Growth Properties has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include VICI Properties. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Luxury leisure properties are developed and managed by VICI Properties.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by MGM Growth Properties
MGM Growth Properties has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Hard Rock Rocksino Northfield Park. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Offline casino gaming services are provided at Northfield Park facility.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - MGM Growth Properties
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mgm Growth Properties Comparisons
Competitors of MGM Growth Properties
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about MGM Growth Properties
When was MGM Growth Properties founded?
MGM Growth Properties was founded in 2016.
Where is MGM Growth Properties located?
MGM Growth Properties is headquartered in Las Vegas, United States. It is registered at Las Vegas, Nevada, United States.
What is the annual revenue of MGM Growth Properties?
Annual revenue of MGM Growth Properties is $782.06M as on Dec 31, 2021.
What does MGM Growth Properties do?
Founded in 2016 and headquartered in Las Vegas, United States, MGM Growth Properties operates as an experiential real estate investment trust. A portfolio of gaming, hospitality, wellness, and leisure destinations is managed, including hotels, casinos, golf courses, and entertainment venues. Long-term lease agreements with established operators in the entertainment industry are utilized to generate stable rental income.
What products or services does MGM Growth Properties offer?
MGM Growth Properties offers Experiential Real Estate and Golf Courses.
How many acquisitions has MGM Growth Properties made?
MGM Growth Properties has made 1 acquisition, including Hard Rock Rocksino Northfield Park.
Who are MGM Growth Properties's investors?
MGM Growth Properties has 1 investor. Key investors include VICI Properties.