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Caesars Modern casino REIT Acquires Margaritaville Destination Casino inside Bossier Locale

Caesars REIT intégral acquisition of Louisiana’s Margaritaville Turn Casino, rents property to be able to Penn State Gaming

VICI Properties reported Wednesday that it has finished the purchase of Margaritaville Resort Casino throughout Bossier City, Louisiana meant for $261 thousand in capital. The company has additionally leased the house to online casino operator Penn National Gambling.

VICI is a real estate investment have confidence in that unique off Sin city gaming powerhouse Caesars Pleasure Corp. contained in the latter industry’s lengthy Descrip . 11 personal bankruptcy case.

VICI said yesteryear that it has got paid just about $261 , 000, 000 for the terrain and properties assets involving Margaritaville Resort Casino. The home opened opportunities in 2013 and is the newest facility inside Bossier/Shreveport video gaming market. The idea occupies 5 acres about fee stretch of land and practically 30 grounds of rented land. The fee territory features a 30, 500-square-foot betting house floor utilizing 1, 215 slot machines along with 50 playing games tables , a 395-room hotel, some restaurants and food and drink facilities, including a 1, 000-seat theater, between other conveniences. The leased land carries a parking along with 1, 525 spaces.

Even though VICI acquired the property and real estate investment assets on the hotel and even casino location, Penn Nationwide bought the particular operational assets of the house for $115 million in cash, using the aggregate out the door cost to $376 million.https://myfreepokies.com/indian-dreaming-slot-review/ 続きを読む »

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