Caesars Betting house REIT Receives Margaritaville Holiday resort Casino throughout Bossier Locale

Caesars Betting house REIT Receives Margaritaville Holiday resort Casino throughout Bossier Locale

Caesars REIT does acquisition of Louisiana’s Margaritaville Resort Casino, leases property to be able to Penn Nationwide Gaming

VICI Properties declared Wednesday who’s has concluded the acquisition of Margaritaville Vacation resort hotel Casino around Bossier City, Louisiana just for $261 mil in dollars. The company even offers leased the exact property to online casino operator Penn National Video games.

VICI is definitely the real estate investment believe in that content spun off Sin city gaming goliath Caesars Enjoyment Corp. within the latter industry’s lengthy Segment 11 bankruptcy proceeding case.

VICI said yesterday that it has paid somewhere around $261 million for the land and property assets connected with Margaritaville Hotel Casino. The property or home opened doors in 2013 and is the modern facility while in the Bossier/Shreveport games market. The idea occupies some acres of fee get and practically 30 dust of rented land. The main fee acreage features a 30, 500-square-foot modern casino floor using 1, 215 slot machines plus 50 games tables , a 395-room hotel, a few restaurants plus food and drinks facilities, together with a 1, 000-seat theater, among the other amenities. The leased land comes with a parking by using 1, 600 spaces.

Though VICI been given the acreage and real estate property assets from the hotel and casino resort, Penn Country wide bought the exact operational tools of the real estate for $115 million throughout cash, using the aggregate price to $376 million.myfreepokies.com 続きを読む Caesars Betting house REIT Receives Margaritaville Holiday resort Casino throughout Bossier Locale