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Updated: MGM Growth Properties Makes Play to Acquire VICI Properties

Caesars Palace in Las VegasMGM Growth Properties LLC (NYSE: MGP) is making a play to combine two of the largest casino owners in the world. MGM sent a letter to the CEO and the chairman VICI Properties Inc. (OTCMKTS: VICI) proposing to acquire 100% of VICI’s outstanding common stock for $19.50 per share in an all-stock deal. MGM said VICI had so far has elected not to engage in meaningful discussions. Maybe for a good reason: its stock has been…

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