Updated: MGM Growth Properties Makes Play to Acquire VICI Properties

MGM Growth Properties LLC is making a play to combine two of the largest casino owners in the world. MGM sent a letter to the CEO and the chairman VICI Properties Inc. proposing to acquire 100% of VICI’s outstanding common stock for $19.50 per share in an all-stock deal. MGM said VICI had so far has elected not to engage in meaningful discussions. Maybe for a good reason: its stock has been…