MGM Resorts to enter into a contract to operate the Hard Rock Rocksino casino facility in Ohio, Northfield Park.
At the moment, the institution is owned by MGP, which acquired it for more than $ 1 billion in the same, 2018.
Rocksino has an area of 200 thousand. square meters. The casino accommodates 2,300 slot machines and a concert hall with a capacity of 1900 visitors. It is known that in the first six months of operation, the institution brought its owners $ 293 million in net profit.
MGM intends to buy out all operating assets from MGP, as well as lease property owned by one of MGP’s subsidiaries.
MGM said that they did not doubt the advisability of such an investment, despite the lack of casino tables in the establishment. According to them, the location of the casino and the possibility of organizing large-scale alternative leisure activities played a key role.
The agreement is planned until 2019. After the first year of the lease, as stated in the agreement, the rent for the period will be increased by 2%.