About MGM Growth Properties
MGM Growth Properties is a Financial Services company based in Las Vegas (United States) founded in 2016, and was acquired by VICI Properties in August 2021. Experiential real estate investment trust owning and leasing entertainment properties. 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. Its focus areas include REITs and Hybrid. Its legal entity is VICI Properties Inc.
Company details
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.
- Headquarters Las Vegas, United States
- Stage Acquired
- SectorsFinancial Services
- Website mgmgrowthproperties.com
- Social LinkedIn X Facebook
- Acquired by VICI Properties (Aug 2021)
- Legal Name Vici Properties Inc
- Annual Revenue$782.06 M (USD)-1as on Dec 31, 2021
- Net Profit$359.24 M (USD)124as on Dec 31, 2021
- EBITDA$235.49 M (USD)-1as on Dec 31, 2021
- Latest Funding Round$1.35B (USD), Debt – Conventional
Jul 2018
- Investors
- Investments & Acquisitions
- Acquired byVICI Properties
(Aug 2021)
Products & Services of MGM Growth Properties
MGM Growth Properties offers a comprehensive portfolio of products and services, including Experiential Real Estate and Golf Courses.
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 Rounds 2
- Last Round Debt – Conventional — $1.35B
- First Round $2.75B
(Apr 2016)
All 2 funding rounds of MGM Growth Properties with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2018 | $1.35B | Debt – Conventional | – | – | – |
| Apr 2016 | $2.75B | Debt – Conventional | – | – | – |
1 investors in total: 1 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Luxury leisure properties are developed and managed by VICI Properties. | 2017 | viciproperties.com | New York, United States |
Investor details for MGM Growth Properties
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Offline casino gaming services are provided at Northfield Park facility. | hrrocksinonorthfieldpark.com | Macedonia, United States | 2013 | Apr 2018 | $1.06B |
Complete acquisition details for MGM Growth Properties
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of MGM Growth Properties
6 dated milestones of MGM Growth Properties across 5 years, from founding to its latest funding, stage changes and deals.
- Founded MGM Growth Properties is founded.
- Funding First funding round of $2.8B.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Hard Rock Rocksino Northfield Park.
- Funding Latest funding round, Debt – Conventional, of $1.4B.
- Exit Acquired by VICI Properties.
Top companies in REITs
3 companies that operate in the same segment as MGM Growth Properties (REITs) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Wireless communications infrastructure and data center solutions are provided. | 1994 | Boston, Massachusetts, United States | USD 10.64 B | 4,690 | ||
REIT that invests in campuses, multi-tenant spaces and build-to-suit facilities in the US | 1994 | Pasadena, California, United States | USD 3.03 B | 552 | ||
Telecom and network infrastructure investments are managed as a REIT. | 2015 | Little Rock, Arkansas, United States | USD 2.23 B | 758 |
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Frequently Asked Questions about MGM Growth Properties
MGM Growth Properties was founded in 2016.
MGM Growth Properties is headquartered in Las Vegas, United States. It is registered at Las Vegas, Nevada, United States.
Annual revenue of MGM Growth Properties is $782.06M as on Dec 31, 2021.
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.
MGM Growth Properties offers Experiential Real Estate and Golf Courses.
MGM Growth Properties has made 1 acquisition, including Hard Rock Rocksino Northfield Park.
MGM Growth Properties has 1 investor. Key investors include VICI Properties.
MGM Growth Properties operates through Vici Properties Inc.
Yes. MGM Growth Properties was acquired by VICI Properties in August 2021.