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MGM Northfield Park Racino's operations have been sold to a private equity fund managed by Clairvest Group Inc. for $546 million.

The new operator will lease the Summit County property from VICI Properties for 25 years.

MGM Resorts International acquired the property, then known as Hard Rock Rocksino Northfield Park, in 2018 for approximately $275 million.

A private equity group is betting on gambling in Summit County.

MGM Northfield Park Racino operations has been sold for $546 million.

The deal, announced Oct. 16, will switch ownership of the gambling operations at the casino, entertainment and race track operations to a private equity fund managed by Clairvest Group Inc .

"I want to thank our MGM Northfield Park employees who have consistently delivered wor

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