MGM Resorts International MGM announced that it has signed an agreement with MGM Growth Properties LLC MGP, under which it will buy all the operating assets of Hard Rock Rocksino Northfield Park. MGM Resorts will also lease the real property connected with Rocksino from a subsidiary of MGP.Located in Northfield, OH, Rocksino offers gaming, dining and entertainment facilities, and spreads across roughly 110 acres.Details of the DealUnder the agreement, MGM Resorts is supposed to pay MGM Growth Properties roughly $275 million. Rocksino will be included in the existing master lease between MGM Resorts and MGP. Further, annual rent payment to MGP will increase by $60 million, 90% of which will be fixed and contractually grow 2% per year until 2022.The transaction is expected to close in the first half of 2019, subject to customary closing conditions and regulatory approvals.Synergies From BuyoutRocksino, being the best-in-class gaming and entertainment destination, will be added to MGM Resorts’ global brand portfolio. In a year’s time, ending on Jun 30, 2018, Rocksino reported roughly $293 million in net revenues and $94 million in Adjusted EBITDAM. The company has proven leadership in the gaming industry.The buyout will help MGM Resorts in terms of revenue and profit growth. MGM Resorts believe that addition of Rocksino will enhance its scale and operations. It is also expected to boost free cash flow generation. On the full integration of Rocksino, MGM Presorts expects to see six times improved EBITDA.Our TakeThe move underscores MGM Resorts’ focus on proliferating its business across segments like hotel, casino, food and beverage, and entertainment. In the past few years, the company has taken various initiatives to bring every recognized brand under one global entertainment brand. MGM Resorts aims to build a disciplined business model, with extensive focus on non-gaming revenue opportunities, high-quality assets and attractive property locations.Addition of Rocksino, therefore, is in line with the company’s focus on superior brand building in the face of intense competition from the likes of Las Vegas Sands LVS and Penn National Gaming PENN.Continuous investments and commitment in diversifying its business should help the company to mitigate stiff competition and excess debt. Shares of the Zacks Rank #3 (Hold) company have lost 14.2% over the last year compared with the industry’s collective decline of 9.7%.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Will You Make a Fortune on the Shift to Electric Cars?Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.It's not the one you think.See This Ticker Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MGM Resorts International (MGM): Free Stock Analysis Report Penn National Gaming, Inc. (PENN): Free Stock Analysis Report Las Vegas Sands Corp. (LVS): Free Stock Analysis Report MGM Growth Properties LLC (MGP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research