Sports betting and online gaming (BetMGM
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Silver Point Leads Financing of Acquisition of MGM Northfield Park by Clairvest
Prnewswire· 2025-10-23 13:00
Group 1: Acquisition Details - Silver Point Capital is leading the financing for the acquisition of MGM Northfield Park by Clairvest Group, with a total acquisition cost of $546 million [1][2] - MGM Northfield Park is the largest gaming property by revenue in Ohio, featuring 74,000 square feet of gaming space, approximately 1,600 video lottery terminals, and a half-mile horse racetrack [2] - The transaction is expected to close and fund in the first half of 2026, pending regulatory and licensing approvals [2] Group 2: Company Profiles - MGM Resorts International is a global gaming and entertainment company with a portfolio of 31 hotel and gaming destinations, recognized for its immersive experiences and commitment to sustainability [4] - Clairvest Group, founded in 1987, is a private equity management firm with over CAD $4.6 billion in capital under management, focusing on owner-led businesses and achieving top quartile performance [5] - Silver Point Capital, established in 2002, manages $41 billion in investable assets and specializes in customized financing solutions for middle-market companies, with its Direct Lending business managing over $16 billion [6]
MGM RESORTS ANNOUNCES NEW EMPLOYMENT AGREEMENT WITH CEO & PRESIDENT BILL HORNBUCKLE
Prnewswire· 2025-05-08 20:15
Core Points - MGM Resorts International has reached a new employment agreement with CEO Bill Hornbuckle, extending his contract through December 31, 2028, and includes an advisory role for the Osaka integrated resort project post-term [1] - Hornbuckle is recognized as a visionary leader who successfully navigated the company through the COVID-19 pandemic and positioned it for long-term growth through digital ventures and international expansion [2] - The company operates 31 unique hotel and gaming destinations globally and is pursuing targeted expansion in Asia, particularly through an integrated resort development in Japan [3] Company Overview - MGM Resorts International is an S&P 500 global gaming and entertainment company with a diverse portfolio that includes hotels, casinos, and various entertainment offerings [3] - The company’s joint venture, BetMGM, LLC, provides sports betting and online gaming in North America, while its subsidiary operates in several European jurisdictions [3] - MGM Resorts is committed to sustainability and aims to positively impact its employees, guests, and communities [3]