Per Robin Leach on Twitter: A new Real Estate Investment Trust, MGM Growth Properties (MGMP) to take over 7 LV Strip hotels & 3 regionals. Vegas hotels include Mandalay Bay, Mirage, MonteCarlo, NYNY, Luxor, Excalibur and the Park but curiously not Bellagio. MGM will get 30-year lease rights to the MGMP hotels. MGM also reports earnings up 28% year over year & 11-13% ahead of Wall St estimates. MGM properties in Detroit, & Tunica, Miss included in the new REIT. Watch MGM shares jump today!