MGM Growth Properties LLC MGP

Profile

Sector

Real Estate

Industry

REIT - Diversified

CEO

James C. Stewart

Employees

4

Country

US

MGM Growth Properties LLC, traded publicly as MGP on the NYSE, is a prominent real estate investment trust (REIT). Its primary business involves acquiring, holding, and leasing large-scale entertainment and leisure destination resorts. These properties boast a comprehensive range of offerings, such as casino gambling, hotel accommodations, convention areas, diverse dining establishments, entertainment venues, and retail outlets. Currently, MGP, along with its joint venture, possesses a significant portfolio. This includes a dozen top-tier destination resorts located in various parts of the United States, including Las Vegas. Specific assets in its holdings are MGM Northfield Park in Ohio, Empire Resort Casino in New York, and The Park, an entertainment and retail complex also situated in Las Vegas. By the end of 2019, specifically December 31st, the combined extent of these properties – encompassing the destination resorts, The Park, Empire Resort Casino, and MGM Northfield Park – featured approximately 27,400 hotel rooms, 1.4 million square feet dedicated to casino operations, and 2.7 million square feet for convention facilities. Operating as a public real estate entity focused on expansion, MGP anticipates leveraging its strategic alliance with MGM Resorts and other entertainment providers. This positioning is expected to facilitate the acquisition of further assets across the broad entertainment, hospitality, and leisure sectors.