MGM Resorts received its 50 percent share of the net proceeds after certain transaction costs, or approximately $162 million.
"We thank the employees of Grand Victoria Casino, who have made it a tremendous success over the years, and wish them all the best in the future," said Dan D'Arrigo, Executive Vice President and Chief Financial Officer of MGM Resorts.
The Company acquired its 50 percent interest in Grand Victoria Casino in connection with its acquisition of Mandalay Resorts Group in 2005.