MGM Resorts International (MGM) Sells MGM Northfield Park Operations to Private Equity Funds Managed by Clairvest Group

Fisher Asset Management holds $4.10 million worth of MGM Resorts International (NYSE:MGM) shares, helping it secure a place on our list of billionaire Ken Fisher’s 10 consumer stock picks with the highest upside potential.

On October 16, 2025, in a $546 million cash deal, MGM Resorts International (NYSE:MGM) announced the sale of the operations of MGM Northfield Park to private equity funds managed by Clairvest Group Inc.

Through this deal, which is expected to close in the first half of 2026, MGM Resorts International (NYSE:MGM) will receive approximately $420 million in net proceeds after taxes and costs, reducing its annual rent obligations by $54 million under its lease with VICI. Furthermore, the company expects to solidify its focus on expanding its digital and international businesses and to strengthen its domestic integrated resorts.

This move highlights MGM Resorts International (NYSE:MGM)’s disciplined financial strategy and ability to generate premium valuations on asset sales.

Operating through its Las Vegas Strip Resorts, Regional Operations, MGM China, and MGM Digital, MGM Resorts International (NYSE:MGM) runs a global gaming and entertainment business. It is included in Ken Fisher’s Stock Portfolio.

While we acknowledge the potential of MGM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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