Caesars Online casino REIT Acquires Margaritaville Hotel Casino on Bossier Town

Caesars Online casino REIT Acquires Margaritaville Hotel Casino on Bossier Town

Caesars REIT finishes acquisition of Louisiana’s Margaritaville Resort Casino, rents property that will Penn Countrywide Gaming

VICI Properties launched Wednesday which it has accomplished the acquisition of Margaritaville Hotel Casino within Bossier City, Louisiana pertaining to $261 mil in cash. The company also offers leased the property or home to internet casino operator Penn National Video gaming.

VICI could be the real estate investment faith that content spun off Sin city gaming ‘ninja-like’ Caesars Pleasure Corp. as a part of latter business lengthy Part 11 individual bankruptcy case.

VICI said yesterday evening that it has paid something like $261 thousand for the acreage and realty assets for Margaritaville Resort Casino. The house opened entrances in 2013 and is the modern facility on the Bossier/Shreveport game playing market. It all occupies four acres of fee area and close to 30 chattels real of rented land. Typically the fee property features a 28, 500-square-foot gambling establishment floor having 1, 215 slot machines and even 50 games tables , a 395-room hotel, 6 restaurants as well as food and drinks facilities, and also a 1, 000-seat theater, among the other features. The leased land incorporates a parking utilizing 1, 525 spaces.

While VICI paid for the terrain and real estate assets on the hotel along with casino vacation resort, Penn Domestic bought the exact operational resources of the home for $115 million on cash, using the aggregate sticker price to $376 million.free pokies no download Continuar leyendo «Caesars Online casino REIT Acquires Margaritaville Hotel Casino on Bossier Town»