MGM Northfield Park Racino Closing for Ownership Transition

MGM Northfield Park, located about 30 minutes southeast of Cleveland, is set to close temporarily as it transitions to new ownership. The racino, which dates back to the 1930s, will close on April 20 and reopen on April 22. The change in ownership comes after MGM Resorts sold the property in October for $540 million.

Private Equity Firm Clairvest Group, based in Toronto, acquired the venue’s gaming operations. The company also reached a 25-year lease on the property, which is owned by VICI Properties. This isn’t the first foray into gaming for the private equity firm. The Clairvest portfolio also includes the Wyoming Downs racetrack, Nash Casino in New Hampshire, Delaware Park Casino, and Meadowlands Racing and Entertainment in New Jersey.

The Northfield racetrack added a casino in 2009 after Ohio legalized gambling. The property boasts video lottery terminal (slot-like) machines as well as a BetMGM Sportsbook. Northfield hosts harness racing more than 200 days a year along with simulcast wagering.