Mgm resorts international announces completion of 37.1 million mgp operating partnership unit redemption

Las vegas, march 15, 2021 /prnewswire/ -- mgm resorts international (nyse: mgm) ("mgm resorts") today announced the completion of the redemption of approximately 37.1 million of its operating partnership units of mgm growth properties ("mgp") operating partnership lp (the "operating partnership") for aggregate cash proceeds of approximately $1.2 billion.   following the redemption, mgm resorts' ownership in the operating partnership was reduced from 53.0% to 42.1%.
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