Las Vegas Real Estate Investment Trust MGM Growth Properties Announces 2020 Earnings Release

Las Vegas Real Estate Investment Trust MGM Growth Properties Announces 2020 Earnings Release

USA – Las Vegas real estate investment trust that owns properties such as Mandalay Bay and Borgata Hotel Casino and Spa; MGM Growth Properties, has today announced the release date for the organisation’s financial earnings so far in 2020.

The company, who’s properties are operated by MGM Resorts International, has stated that the first quarter’s figures will be released before the market opens on the 5th May 2020.

A conference call will be hosted at half past midday (Eastern Time Zone) and will include a discussion of the organisation’s latest results with a follow up question and answer session.

The conference call will be accessible via the trust’s official website, which is streaming a webcast on the day of the release.

In addition, a replay of the call will be available for one week after the call.

MGM Growth Properties is organized in Delaware and headquartered in Las Vegas. The latest annual revenue figures for the period of 2019 are $881 million with a net income of $275 million and total assets of more than eleven billion dollars.

In January 2020, MGM Resorts announced that it would sell the MGM Grand Las Vegas and Mandalay Bay to a joint venture consisting of MGM Growth Properties and The Blackstone Group. MGM would own 50.1 percent of the joint venture, and Blackstone would own the remainder.

MGM Growth Properties’ list of establishments include: Beau Rivage, Borgata Hotel Casino and Spa, Yonkers Raceway & Empire City Casino, Excalibur Hotel and Casino, Gold Strike Tunica, Luxor Las Vegas, Mandalay Bay, MGM Grand Detroit, MGM National Harbor, MGM Northfield Park, The Mirage, New York-New York Hotel and Casino and Park MGM.

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