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Las Vegas Sun Stories: Gaming
MGM real estate spinoff wants to buy Caesars real estate company
MGM Growth Properties, the company that acts as landlord for many MGM properties, wants to combine with VICI Properties, the company that owns land and resorts operated by Caesars Entertainment. MGM Growth and VICI are REITS, or real estate investment trusts. In both cases, the REITS own the land and properties of the resorts and lease it back to he companies that operate the hotels and casinos. MGM Growth today issued a statement saying it had approached the ...
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