MGM Resorts International is shifting 10 of its U.S. properties to a real estate investment trust (REIT), called MGM Growth Properties LLC, assuming $4 billion of the company’s debt.
The new company will own Mandalay Bay, The Mirage, Monte Carlo, New York-New York, Luxor, Excalibur, The Park, MGM Grand Detroit, Beau Rivage, and Gold Strike Tunica.
The deal is expected to be completed in early 2016.
Photo: Dietmar Rabich
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Wright brings more than 30 years of industry experience to the newly created position.
The addition comes as American marks its centennial anniversary.
The airline is sending its own teams to Germany to retrieve supplies as disruptions spread.
Extreme winter weather has blanketed much of Europe this week.
Another major airport is also experiencing significant delays on Friday, though not due to weather.
This will be the first Thanksgiving holiday season with the TSA’s new REAL ID rules in effect.
