v3.26.1
DIVESTITURES
6 Months Ended
Jun. 30, 2026
Discontinued Operations and Disposal Groups [Abstract]  
DIVESTITURES DIVESTITURES
MGM Northfield Park sale. In April 2026, the Company completed the sale of the operations of MGM Northfield Park to private equity funds managed by Clairvest Group Inc. for cash consideration of $546 million, or $541 million, net of purchase price adjustments and transaction costs. At closing, the master lease between the Company and VICI Properties, Inc. (“VICI”) was amended to remove MGM Northfield Park and to reflect a $53 million reduction in annual cash rent. The Company recognized a $255 million gain recorded within “Property transactions, net” which reflects the net cash consideration, above, less the net carrying value of the assets and liabilities derecognized of $286 million. The transaction did not meet the criteria for presentation as a discontinued operation.
The major classes of assets and liabilities derecognized are as follows:

(In thousands)
Cash and cash equivalents$26,257 
Accounts receivable, net4,643 
Inventories356 
Prepaid expenses and other1,387 
Property and equipment, net30,071 
Goodwill17,915 
Other intangible assets, net228,000 
Other long-term assets, net328 
Total assets$308,957 
Accounts payable$4,540 
Other accrued liabilities17,792 
Other long-term obligations210 
Total liabilities$22,542