Caesars Internet casino REIT Gets Margaritaville Destination Casino inside Bossier Community

Caesars Internet casino REIT Gets Margaritaville Destination Casino inside Bossier Community

Caesars REIT finishes acquisition of Louisiana’s Margaritaville Resort Casino, leases property in order to Penn Nationwide Gaming

VICI Properties launched Wednesday going without shoes has carried out the acquisition of Margaritaville Vacation resort Casino for Bossier Location, Louisiana with regard to $261 million in money. The company has also leased the exact property to on line casino operator Penn National Gaming.

VICI may be the real estate investment trust that unique off Las Vegas gaming giant Caesars Leisure Corp. within the latter carrier’s lengthy Segment 11 bankruptcy proceeding case.

VICI said yesterday evening that it seems to have paid something like $261 thousand for the property and real-estate assets about Margaritaville Vacation resort hotel Casino. The exact property opened doorways in 2013 and is the modern facility within the Bossier/Shreveport games market. Them occupies 3 acres about fee area and close to 30 dust of leased land. The actual fee land features a 30, 500-square-foot modern casino floor together with 1, 215 slot machines plus 50 gaming tables , a 395-room hotel, 4 restaurants plus food and cocktail facilities, as well as a 1, 000-seat theater, amongst other creature comforts. The rented land features a parking along with 1, 400 spaces.

Even while VICI obtained the land and housing assets on the hotel along with casino vacation resort, Penn Nationalized bought often the operational assets of the residence for $115 million in cash, bringing the aggregate final cost to $376 million.online pokies with free credits 閱讀更多