Caesars Online casino REIT Gets Margaritaville Hotel Casino with Bossier Area

Caesars Online casino REIT Gets Margaritaville Hotel Casino with Bossier Area

Caesars REIT wraps up acquisition of Louisiana’s Margaritaville Destination Casino, leases property for you to Penn Domestic Gaming

VICI Properties declared Wednesday which it has done the purchase of Margaritaville Holiday resort Casino within Bossier Community, Louisiana intended for $261 , 000, 000 in hard cash. The company has additionally leased the house to gambling establishment operator Penn National Gaming.

VICI is a real estate investment confidence that created off Nevada gaming giant Caesars Celebration Corp. included in the latter provider’s lengthy Chapter 11 a chapter 13 case.

VICI said yesterday that it includes paid approximately $261 huge number of for the get and housing assets of Margaritaville Turn Casino. The home or property opened entrances in 2013 and is the most recent facility during the Bossier/Shreveport games market. This occupies some acres associated with fee territory and approximately 30 miles of leased land. The fee land features a twenty six, 500-square-foot on line casino floor together with 1, 215 slot machines plus 50 gambling tables , a 395-room hotel, a few restaurants as well as food and drinks facilities, including a 1, 000-seat theater, within other options. The leased land comes with a parking through 1, 700 spaces.

Although VICI obtained the get and real estate property assets from the hotel and also casino destination, Penn National bought the exact operational benefits of the property for $115 million within cash, bringing the aggregate cost to $376 million.online pokies free „Caesars Online casino REIT Gets Margaritaville Hotel Casino with Bossier Area“ weiterlesen