---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-206516"
form_type: "8-K"
ticker: "MGM"
cik: "0000789570"
company_name: "MGM Resorts International"
filed_at: "2021-07-01T23:59:59+00:00"
generated_at: "2026-06-30T08:16:58.263205+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# MGM to buy remaining 50% of CityCenter for $2.125B; sells Aria/Vdara real estate to Blackstone for $3.89B

## Summary
- MGM to buy Infinity World's 50% stake in CityCenter for $2.125B; implied valuation $5.8B including $1.5B net debt.
- MGM to sell Aria & Vdara real estate to Blackstone for $3.89B; 18.1x rent multiple.
- Initial annual rent under lease with Blackstone is $215M for 30-year term with renewal options.
- Board member William Grounds to resign effective upon closing of the Infinity World purchase.
- Transactions expected to close in Q3 2021; Infinity World deal not contingent on Blackstone deal.

## SEC filing metadata
- accession: 0001193125-21-206516
- form_type: 8-K
- ticker: MGM
- cik: 0000789570
- company_name: MGM Resorts International
- filed_at: 2021-07-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/789570/000119312521206516/0001193125-21-206516-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/789570/000119312521206516/d199453d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-206516
- JSON: https://secwatch.observer/filing/0001193125-21-206516.json
- Plain text: https://secwatch.observer/filing/0001193125-21-206516.txt

## Key facts
- Executive change
  William Grounds resigned as Director at MGM Resorts International.
  - Action: resigned
  - Role: Director
  source text: William Grounds executed a resignation letter to be effective upon the earlier of (i) the closing of the EPA Purchase and (ii) delivery of written notice from Mr. Grounds of an earlier effective date, resigning from his position as a member of the board of directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/789570/000119312521206516/0001193125-21-206516-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.