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MGM Growth Properties completes $1B deal for Ohio casino

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MGM Growth Properties completes $1B deal for Ohio casino

MGM Growth Properties LLC completed its acquisition of the Hard Rock Rocksino Northfield Park in suburban Cleveland for about $1.06 billion from Milstein Entertainment LLC.

The entertainment and leisure real estate investment trust funded the purchase through cash on hand and borrowings under its senior secured credit facility. Hard Rock will continue to serve as the property's manager, according to a release.