Caesars On line casino REIT Obtains Margaritaville Hotel Casino for Bossier Metropolis

Caesars On line casino REIT Obtains Margaritaville Hotel Casino for Bossier Metropolis

Caesars REIT wraps up acquisition of Louisiana’s Margaritaville Location Casino, leases property that will Penn State Gaming

VICI Properties launched Wednesday going without shoes has achieved the purchase of Margaritaville Resort Casino with Bossier City, Louisiana for $261 million dollars in money. The company has leased the property or home to internet casino operator Penn National Gambling.

VICI is a real estate investment believe that content spun off Nevada gaming powerhouse Caesars Pleasure Corp. as a part of latter corporation’s lengthy Part 11 a chapter 13 case.

VICI said this morning that it possesses paid about $261 trillion for the get and real-estate assets for Margaritaville Vacation resort Casino. The house or property opened entrance doors in 2013 and is the most up-to-date facility inside Bossier/Shreveport game market. The item occupies 3 acres with fee territory and approximately 30 miles of rented land. The particular fee stretch of land features a 28, 500-square-foot internet casino floor having 1, 215 slot machines and also 50 games tables , a 395-room hotel, ?tta restaurants in addition to food and refreshment facilities, and a 1, 000-seat theater, amid other amenities. The rented land contains a parking along with 1, 500 spaces.

Whilst VICI grabbed the get and property assets on the hotel plus casino location, Penn Nationalized bought the exact operational solutions of the property or home for $115 million throughout cash, bringing the aggregate cost to $376 million.https://myfreepokies.com/ Continue reading “Caesars On line casino REIT Obtains Margaritaville Hotel Casino for Bossier Metropolis”