Caesars Online casino REIT Obtains Margaritaville Hotel Casino around Bossier City
Caesars REIT does acquisition of Louisiana’s Margaritaville Resort Casino, leases property for you to Penn Nationwide Gaming
VICI Properties introduced Wednesday not wearing running shoes has done the acquisition of Margaritaville Holiday resort Casino in Bossier Location, Louisiana meant for $261 trillion in profit. The company in addition has leased the house to modern casino operator Penn National Gaming.
VICI would be the real estate investment believe that uniquely spun off Las Vegas gaming ‘ninja-like’ Caesars Entertainment Corp. within the latter firm’s lengthy Section 11 a chapter 7 case.
VICI said yesterday that it features paid just about $261 zillion for the area and housing assets regarding Margaritaville Vacation resort Casino. The property opened panels in 2013 and is the most recent facility while in the Bossier/Shreveport playing games market. It again occupies 3 acres for fee get and pretty much 30 abundance of leased land. Typically the fee terrain features a dua puluh enam, 500-square-foot casino floor utilizing 1, 215 slot machines along with 50 video gaming tables , a 395-room hotel, 4 restaurants plus food and cocktail facilities, including a 1, 000-seat theater, amongst other features. The leased land features a parking by using 1, five hundred spaces.
Even while VICI bought the get and real estate investment assets of the hotel and casino vacation resort, Penn Domestic bought the very operational property of the home for $115 million around cash, taking the aggregate price to $376 million.online pokies free money no deposit Read more “Caesars Online casino REIT Obtains Margaritaville Hotel Casino around Bossier City”