NORTHFIELD, Ohio — A year and a half after announcing that it was looking for a potential buyer for its MGM Northfield Park Racino, MGM Resorts International announced Thursday that it has reached an agreement to sell the operations of the site to private equity funds managed by Toronto-based Clairvest Group Inc. for $546 million in cash.

Since it opened its doors in December 2013 as a Hard Rock property, Northfield Park has been the state leader in gaming revenue. Those numbers caught the eye of MGM, which purchased the site in 2019 for over $1 billion.

The lower sales amount reflects the fact that MGM's real estate arm, MGM Growth Properties, owned the land and the building. It was acquired in 2022 by Vici Properties, which is actually a spinoff of Caesars. The property was then leased

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