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Caesars Gambling house REIT Receives Margaritaville Location Casino throughout Bossier Town

Caesars Gambling house REIT Receives Margaritaville Location Casino throughout Bossier Town

Caesars REIT tidies up acquisition of Louisiana’s Margaritaville Vacation resort hotel Casino, leases property to be able to Penn State Gaming

VICI Properties introduced Wednesday it has accomplished the purchase of Margaritaville Hotel Casino with Bossier Metropolis, Louisiana meant for $261 mil in dollars. The company has also leased the exact property to online casino operator Penn National Video games.

VICI is the real estate investment believe that content spun off Nevada gaming ‘ninja-like’ Caesars Leisure Corp. as a part of latter company’s lengthy Page 11 bankruptcy case.

VICI said yesterday that it offers paid roughly $261 zillion for the land and realty assets with Margaritaville Location Casino. The exact property opened panels in 2013 and is the newest facility from the Bossier/Shreveport video games market. Them occupies 5 acres involving fee get and practically 30 massive areas of leased land. The very fee terrain features a 18, 500-square-foot gambling establishment floor along with 1, 215 slot machines and even 50 video gaming tables , a 395-room hotel, 6th restaurants and even food and tipple facilities, including a 1, 000-seat theater, between other creature comforts. The leased land includes parking along with 1, five-hundred spaces.

Though VICI acquired the territory and realty assets belonging to the hotel plus casino vacation resort, Penn Nationwide bought the main operational solutions of the premises for $115 million with cash, taking the aggregate sticker price to $376 million.https://myfreepokies.com/ Continue reading Caesars Gambling house REIT Receives Margaritaville Location Casino throughout Bossier Town