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Caesars Internet casino REIT Obtains Margaritaville Turn Casino on Bossier Town

By |9월 18th, 2019|

Caesars Internet casino REIT Obtains Margaritaville Turn Casino on Bossier Town

Caesars REIT does acquisition of Louisiana’s Margaritaville Holiday resort Casino, rents property towards Penn Nationalized Gaming

VICI Properties introduced Wednesday so it has achieved the acquisition of Margaritaville Vacation resort hotel Casino on Bossier Area, Louisiana with regard to $261 mil in funds. The company has additionally leased the property or house to betting house operator Penn National Gambling.

VICI will be the real estate investment trust that uniquely spun off Las Vegas gaming goliath Caesars Fun Corp. within the latter carrier’s lengthy Section 11 personal case.

VICI said the other day that it offers paid around $261 million dollars for the get and real estate property assets involving Margaritaville Vacation resort Casino. The home or property opened entrance doors in 2013 and is the most up-to-date facility inside Bossier/Shreveport video gaming market. This occupies five acres associated with fee stretch of land and just about 30 dust of leased land. The fee property features a twenty six, 500-square-foot gambling establishment floor with 1, 215 slot machines in addition to 50 game tables , a 395-room hotel, six restaurants along with food and consume facilities, and a 1, 000-seat theater, amid other comforts. The leased land includes parking through 1, 900 spaces.

When VICI acquired the stretch of land and real-estate assets of the hotel together with casino turn, Penn Countrywide bought the exact operational solutions of the residence for $115 million for cash, bringing the aggregate price to $376 million.myfreepokies.com […]