MGM Resorts is contemplating whether or not to promote its Springfield on line casino’s actual property, a transfer it says would assist unlock money whereas permitting it to proceed working the $960 million facility it opened only a yr in the past.
Such a deal would comply with related selections made by the corporate, together with MGM’s $4.25 billion sale final month of the true property the place its Bellagio resort in Las Vegas is sited. The firm can be contemplating a comparable deal for its signature MGM Grand in Vegas this yr, which would go away the Springfield web site as its final wholly owned US on line casino.
MGM Resorts has been trying to money out a few of its belongings and pay down debt. The firm’s chairman and chief govt, James J. Murren, stated on a latest name with monetary analysts that it might quickly be specializing in what to do with properties, together with Springfield.