Caesars Online casino REIT Obtains Margaritaville Holiday resort Casino within Bossier Metropolis

Caesars Online casino REIT Obtains Margaritaville Holiday resort Casino within Bossier Metropolis

Caesars REIT tidies up acquisition of Louisiana’s Margaritaville Vacation resort hotel Casino, rents property towards Penn National Gaming

VICI Properties publicised Wednesday that it has finalized the purchase of Margaritaville Holiday resort Casino within Bossier City, Louisiana pertaining to $261 huge number of in funds. The company the cause leased the house or property to online casino operator Penn National Video games.

VICI will be the real estate investment trust that spun off Sin city gaming powerhouse Caesars Celebration Corp. as part of the latter company’s lengthy Page 11 individual bankruptcy case.

VICI said recently that it has got paid roughly $261 , 000, 000 for the get and real estate investment assets of Margaritaville Holiday resort Casino. The home or property opened panels in 2013 and is the most recent facility during the Bossier/Shreveport game playing market. The item occupies 5 acres of fee stretch of land and practically 30 miles of leased land. The exact fee acreage features a 19, 500-square-foot gambling establishment floor through 1, 215 slot machines as well as 50 playing games tables , a 395-room hotel, six restaurants and even food and drinks facilities, including a 1, 000-seat theater, among other creature comforts. The rented land includes a parking through 1, five-hundred spaces.

Though VICI used the get and real estate property assets on the hotel as well as casino holiday resort, Penn State bought the exact operational possessions of the premises for $115 million for cash, bringing the aggregate final cost to $376 million.play lightning link slot online free 继续阅读“Caesars Online casino REIT Obtains Margaritaville Holiday resort Casino within Bossier Metropolis”