MGM grabs a piece of Ohio’s gaming market

Northfield Park racino outside of Cleveland, Ohio was previously the Hard Rock Rocksino Northfield Park. It was one of the most popular gaming venues in the state and was temporarily shut down in order to go through a rebranding process after changing hands last year. MGM Resorts purchased the property in September and, as of yesterday, is now the MGM Northfield Park.

MGM purchased two properties last year – the Rocksino venue and Yonkers Raceway. They were purchased from its own MGM Growth Properties (MGP), a real estate investment trust (REIT) created by MGM Resorts, for $1.85 billion. However, MGP retained ownership to the ground on which the Rocksino stands.

Northfield Park, as is the case for the Yonkers facility, cannot offer full-scale casino gaming. It offers only slot machines and pari-mutuel wagers, but outperforms the state’s four full casinos.

Sports gambling is not yet legal in Ohio, but this isn’t stopping MGM from chumming the waters in preparation of the activity’s eventual approval. It has partnered with the Boston Red Sox as the MLB team’s “official and exclusive resort casino” and has already started to put its brand on various products and services tied to the team. Most notably, the team’s ballpark, Fenway Park, now has the iconic MGM lion displayed on its leftfield wall.