Clairvest Doubles Down on Gaming Investments
Toronto-based Clairvest Group, no stranger to the gaming industry, will make its 17th investment in the gambling sector with this acquisition. According to Clairvest, its funds and co-investors will contribute $165 million in equity toward the deal.
“As we look ahead, we intend to build on the strong foundation laid by MGM and guide the continued expansion of the racino in the coming years,” said Michael Wagman, Clairvest’s president.
Northfield Park: A Powerhouse in Ohio’s Gaming Scene
Located between Cleveland and Akron, MGM Northfield Park spans 74,000 square feet of gaming space and includes a half-mile racetrack, 10 restaurants and bars, an 1,820-seat entertainment venue, and roughly 1,600 video lottery terminals.
The sale is expected to close in the first half of 2026, pending regulatory approvals.
Representatives for MGM declined to comment further, while Clairvest did not immediately respond to requests for comment.
The Stakes of Transformation
For MGM, this sale marks another chapter in its strategy to streamline operations and boost digital gaming ventures, a trend accelerating across the casino industry as traditional operators adapt to a tech-driven future.
With MGM to sell Northfield Park, the gaming giant appears to be cashing in one chip to buy into a bigger game — the rapidly expanding digital and global casino market, where innovation is the new high roller.
