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MGM Growth Properties
MGM Growth Properties LLC (MGP) was a real estate investment trust based in Summerlin South, Nevada, that invested in large-scale casino properties. The company had whole or majority ownership of 15 properties, all of which were operated by MGM Resorts International. The company leased the properties to MGM Resorts via triple-net leases. The company was acquired by Vici Properties in April 2022 for $17.2 billion. History The company was formed on October 23, 2015. On April 25, 2016, the company became a public company via an initial public offering and acquired The Mirage, Mandalay Bay, Luxor Las Vegas, New York-New York Hotel and Casino, Monte Carlo Resort and Casino, Excalibur Hotel and Casino, The Park, Gold Strike Tunica, MGM Grand Detroit, and Beau Rivage from MGM Resorts International. On August 1, 2016, the company acquired the real estate assets related to the Borgata Hotel Casino and Spa from MGM. In September 2017, the company acquired MGM National Harbor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vici Properties
Vici Properties Inc. is a real estate investment trust (REIT) specializing in casino properties, based in New York City. It was formed in 2017 as a spin-off from Caesars Entertainment Corporation as part of its bankruptcy reorganization. It owns 44 casinos, hotels, and racetracks and 4 golf courses throughout the United States. History Vici Properties was formed as part of the Chapter 11 bankruptcy reorganization of Caesars Entertainment Operating Company (CEOC), the largest division of Caesars Entertainment. After placing CEOC into bankruptcy in January 2015, Caesars proposed splitting CEOC into two companies: a REIT, which would own the company's casinos, and an operating company, which would manage them. The plan was designed to maximize value for CEOC's creditors by taking advantage of favorable tax treatment for REITs. Several members of Congress opposed the plan, calling it an abuse of the REIT laws. They asked the Internal Revenue Service to deny tax-free status to the spi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PR Newswire
PR Newswire is a distributor of press releases headquartered in Chicago. The service was created in 1954 to allow companies to electronically send press releases to news organizations, using teleprinters at first. The founder, Herbert Muschel, operated the service from his house in Manhattan for approximately 15 years. The business was eventually sold to Western Union and then United Newspapers of London. In December 2015, Cision Inc. announced it would acquire the company. On January 1, 2021, Cision formally merged PR Newswire into the company, ending its status as a legal entity after 66 years. Cision plans to continue utilizing the brand name for the foreseeable future in the United States, as well as in Europe and the Asia-Pacific regions. History PR Newswire was founded in March 1954 by Herbert Muschel, who ran the business from his town house in New York City for the first 15 years of its operation. The company used telecommunications lines and teleprinters owned by Wes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MGM Springfield
MGM Springfield is a hotel and casino complex situated in the heart of Metro Center, Springfield, Massachusetts, United States. Opening on August 24, 2018 in a block of buildings that are historically or culturally influential to Springfield, it became the first resort casino in the Commonwealth. It is owned by Vici Properties and operated by MGM Resorts International. MGM Springfield opened its doors to the public on August 24, 2018. It was then temporarily closed on March 14, 2020, due to the COVID-19 pandemic. It reopened to the public on July 13, 2020, after nearly 4 months of being closed, with safety precautions and reduced capacity in place. Chris Kelley is the current President and COO of the MGM Springfield. History Proposals MGM Springfield was one of three proposals in the city of Springfield, Massachusetts for the Western Massachusetts casino license. Casinos were also proposed for Holyoke, Palmer, and West Springfield. On December 2, 2012, MGM Springfield and Penn ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MGM Grand Las Vegas
The MGM Grand Las Vegas is a hotel and casino located on the Las Vegas Strip in Paradise, Nevada. The MGM Grand is the largest single hotel in the world with 6,852 rooms. It is also the third-largest hotel complex in the world by number of rooms and second-largest hotel resort complex in the United States behind the combined The Venetian and The Palazzo. When it opened in 1993, the MGM Grand was the largest hotel complex in the world. Owned by Vici Properties and The Blackstone Group and operated by MGM Resorts International, the 30-floor main building is high. The property includes five outdoor pools, rivers, and waterfalls that cover , a convention center, the MGM Grand Garden Arena, and the Grand Spa. It also houses numerous shops, night clubs, restaurants and the largest casino in Clark County, which occupies . Located on the Tropicana – Las Vegas Boulevard intersection, pedestrians are not allowed to cross at street level. Instead, the MGM Grand is linked by ove ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Blackstone Group
Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate. Blackstone is also active in credit, infrastructure, hedge fund solutions, insurance solutions, secondaries and growth equity. As of Q3 2022, the company's total assets under management were approximately US$951 billion, making it the largest alternative investment firm globally. Blackstone was founded in 1985 as a mergers and acquisitions firm by Peter G. Peterson and Stephen A. Schwarzman, who had previously worked together at Lehman Brothers. History Founding and early history Blackstone was founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman with $400,000 in seed capital. The founders named their firm "Blackstone," using a cryptogram derived from the names of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crain Communications
Crain Communications Inc is an American multi-industry publishing conglomerate based in Detroit, Michigan, United States, with 13 non-US subsidiaries. History Gustavus Dedman (G.D.) Crain, Jr. ( Gustavus Demetrious Crain, Jr.; 1885–1973), previously the city editor of the ''Louisville Herald'' newspaper, founded Crain Communications in Louisville, Kentucky, in 1916, publishing two papers: ''Class'' (which later became ''BtoB'') and ''Hospital Management'' (sold in 1952)."G.D. Crain Jr. Dies at 88; Published Advertising Age" '''', December 17, 1973. The staff moved to Chicago later in 1916. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yonkers Raceway & Empire City Casino
Yonkers Raceway & Empire City Casino, founded in 1899 as the Empire City Race Track, is a one-half-mile standardbred harness racing dirt track and slots racino located at the intersection of Central Park Avenue and Yonkers Avenue in Yonkers, New York, near the New York City border. It is owned by Vici Properties and operated by MGM Resorts International. History Yonkers Raceway, considered a city landmark, was opened in 1899 by William H. Clark's Empire City Trotting Club. Clark died in 1900 and, with much litigation by his heirs over its proposed sale, the track remained closed for most of the next seven years except for special events. One such event occurred in 1902 when Barney Oldfield set a one-mile (1.6 km) record in an automobile at Empire City Race Track. Driving the Ford '999', he covered the distance in 55.54 seconds. The facility was purchased by New York grocery store magnate James Butler, who reopened it for Thoroughbred horse racing in 1907. Among the notable ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hard Rock International
Hard Rock Cafe, Inc. is a British-based multinational chain of theme restaurants, memorabilia shops, casinos and museums founded in 1971 by Isaac Tigrett and Peter Morton in London. In 1979, the cafe began covering its walls with rock and roll memorabilia, a tradition which expanded to others in the chain. In 2007, Hard Rock Cafe International (USA), Inc. was sold to the Seminole Tribe of Florida and was headquartered in Orlando, Florida, until April 2018, when the corporate offices were relocated to Davie, Florida. As of July 2018, Hard Rock International has venues in 74 countries, including 172 cafes, 37 hotels, and 4 casinos. On June 10, 2021, Hard Rock announced Lionel Messi as its Hard Rock brand ambassador as the company celebrated its 50th anniversary. History Restaurants The first Hard Rock Cafe opened on June 14, 1971, at 150 Old Park Lane, Hyde Park, Mayfair, London, under the ownership of two Americans, Isaac Tigrett and Peter Morton. Hard Rock initially had ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Racino
A racino is a combined race track and casino. In some cases, the gambling is limited to slot machines, but many locations are beginning to include Casino game#Table games, table games such as blackjack, poker, and roulette. In 2003, Joe Bob Briggs described the economic motivation of race track owners to convert into racinos: :Horse racing and Greyhound racing, dog racing have been in a slow decline for almost 20 years now....the only tracks that have really thrived are the ones that have slot machines. In many cases their live handle (the daily amount bet at the track by live customers) has continued to decline, but their revenues have shot up so fast that they're able to offer the biggest purses and thereby attract the best horses. Tracks like Delaware Park (race track), Delaware Park and West Virginia's Mountaineer Casino, Racetrack and Resort, Mountaineer Park, once considered places where local degenerates bet on broken-down nags in claiming races, are now among the wealthi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Northfield Park
MGM Northfield Park (previously Hard Rock Rocksino Northfield Park) is a racino in Northfield, Ohio, U.S.A., a community near Cleveland. Northfield Park conducts more than 200 harness racing nights each year. It is owned by Vici Properties and operated by MGM Resorts International. History Originally constructed in 1934, Northfield Park racetrack was originally known as Sportsman Park, with a focus on midget car racing. After 20 years as a successful car racing facility, interest began to wane and in 1956, Sportsman Park was demolished to make way for what would eventually become one of the nation's premier harness racing tracks under the leadership of Carl Milstein, a well known real estate developer and businessman. Carl Milstein purchased the track in 1972. The tracks' top race, The Battle of Lake Erie, has featured some of the greatest pacers in history including Jaguar Spur, Gallo Blue Chip, Falcon Seelster and Riyadh. in 2007, the race was won by World Champion Maltes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Las Vegas Review-Journal
The ''Las Vegas Review-Journal'' is a daily subscription newspaper published in Las Vegas, Nevada, since 1909. It is the largest circulating daily newspaper in Nevada and one of two daily newspapers in the Las Vegas area. The ''Review-Journal'' has a joint operating agreement with The Greenspun Corporation-owned '' Las Vegas Sun'', which runs through 2040. In 2005, the ''Sun'' ceased afternoon publication and began distribution as a section of the ''Review-Journal''. On March 18, 2015, the sale of the newspaper's parent company, Stephens Media LLC, to New Media Investment Group was completed. In December 2015, casino magnate Sheldon Adelson purchased the newspaper for $140 million via News + Media Capital Group LLC. GateHouse Media, a subsidiary of New Media Investment Group, was retained to manage the newspaper. $140 million was considered a steep price amounting to a 69% gain for New Media Investment Group after owning the newspaper for nine months. History The ''Clark Cou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American City Business Journals
American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes The Business Journals, which contains local business news for 44 markets in the United States, Hemmings Motor News, Street & Smith's Sports Business Daily, and Inside Lacrosse. The company is owned by Advance Publications. The company receives revenue from display advertising and classified advertising in its weekly newspaper and online advertising on its website and from a subscription business model. The bizjournals.com website contains local business news from various cities in the United States, along with an archive that contains more than 5 million business news articles published since 1996. As of August 2021, it receives over 3.6 million readers each week. History The company was founded in 1982 by Mike Russell with the launch of the Kansas City Business Journal. In 1985, the company became a public company via an initial public offeri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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