Potter Anderson Advises Conflicts Committee of MGM Growth Properties on $17.2 Billion Acquisition by VICI Properties

VICI Properties Inc. (“VICI”), MGM Growth Properties LLC (“MGP”) and MGM Resorts International, MGP’s controlling shareholder, announced today that they have entered into a definitive agreement where VICI will acquire MGP for total consideration of $17.2 billion (including debt). MGM Growth Properties is one of the leading publicly traded real estate investment trusts engaged in the acquisition, ownership and leasing of large-scale destination entertainment and leisure resorts, whose diverse amenities include casino gaming, hotel, convention, dining, entertainment and retail offerings. Upon completion, the merger will create America’s largest owner of experiential real estate with an enterprise value of approximately $45 billion.

Potter Anderson advised the conflicts committee of MGM Growth Properties on the transaction. The team included partner Mark Morton and associates Alyssa Ronan and Garrett Lyons.

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Potter Anderson & Corroon LLP is one of the largest and most highly regarded Delaware law firms, providing legal services to regional, national, and international clients. With more than 100 attorneys, the firm’s practice is centered on corporate law, corporate litigation, intellectual property, commercial litigation, bankruptcy, labor and employment, and real estate.