is northfield hard rock casino profitable

The Rocksino is a gaming, dining and entertainment facility located in Northfield, Ohio, a suburb approximately 17 miles southeast of downtown Cleveland and 18 miles north of Akron. 'This attractive addition to our portfolio is expected to result in mid to high single digit percentage accretion to AFFO per share, demonstrating again our commitment to generating value for our shareholders.' We are thrilled to join the Northeast Ohio community and look forward to continuing to work with the management team to consummate the transaction and identify a third-party tenant to operate the asset going forward,' said James Stewart, Chief Executive Officer of MGM Growth Properties. 'MGP is proud to announce the acquisition of the Hard Rock Rocksino, the best performing gaming asset in Ohio. The membership interest purchase agreement will be for 100% of the issued and outstanding limited liability company interests in Northfield Park Associates LLC, which owns and operates the Rocksino. MGM Growth Properties LLC (NYSE: MGP) announced today that it has entered into an agreement with Milstein Entertainment LLC to acquire the Hard Rock Rocksino Northfield Park for approximately $1.06 billion.

Is northfield hard rock casino profitable