MGM Growth Properties LLC (MGP) has announced a quarterly cash dividend of US$0.42 per share for the first quarter.
The firm said in a press release issued on Thursday that the dividend will be payable on April 13 “to unit holders and shareholders of record as of the close of business on March 30, 2018”.
MGP is a publicly-traded real estate investment trust (REIT) of which U.S.-based casino operator MGM Resorts International is the majority owner. The former owns several real estate assets in the U.S., including the iconic casino hotel properties Mandalay Bay, and the Mirage, in Las Vegas. MGM Resorts is the parent company of Macau casino operator MGM China Holdings Ltd.
In January, MGP had offered to purchase the REIT known as Vici Properties Inc that manages several properties operated by another U.S. casino firm, Caesars Entertainment Corp. But the board of Vici “unanimously” rejected the proposal.
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"Unfortunately, I cannot come to Macau nor can any of my team. The global pandemic has created a situation that is very difficult for all of us … I am very hopeful that we can come to Macau to bring back a reimagined House of Dancing Water"
Creative director of the House of Dancing Water show