NORTHFIELD, Ohio (WOIO) - MGM Northfield Park was sold to private equity funds managed by Clairvest Group Inc. for $546 million in cash, according to a news release sent out Thursday morning.

“I want to thank our MGM Northfield Park employees who have consistently delivered world-class gaming and entertainment experiences to our guests. This is a great property with great opportunity ahead,” said Bill Hornbuckle, CEO & President, MGM Resorts International. “At MGM Resorts, our vision is to be the world’s premiere gaming entertainment company. To achieve this vision, we’re focused on growing our digital business, developing our international expansion opportunities, and continuing to invest in our leading integrated resorts domestically.”

The transaction is expected to close in the first

See Full Page