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Caesars Modern casino REIT Obtains Margaritaville Holiday resort Casino around Bossier Community

Caesars Modern casino REIT Obtains Margaritaville Holiday resort Casino around Bossier Community

Caesars REIT wraps up acquisition of Louisiana’s Margaritaville Vacation resort Casino, leases property to Penn Domestic Gaming

VICI Properties declared Wednesday so it has finished the acquisition of Margaritaville Resort Casino inside Bossier Location, Louisiana for $261 , 000, 000 in dollars. The company has also leased the house or property to online casino operator Penn National Gambling.

VICI could be the real estate investment faith that rotated off Sin city gaming goliath Caesars Fun Corp. contained in the latter corporate entity’s lengthy Part 11 consumer bankruptcy case.

VICI said this morning that it seems to have paid just about $261 mil for the acreage and real estate investment assets about Margaritaville Vacation resort Casino. The house or property opened gates in 2013 and is the most up-to-date facility within the Bossier/Shreveport game market. It occupies some acres for fee stretch of land and practically 30 dust of rented land. The main fee get features a 21, 500-square-foot on line casino floor using 1, 215 slot machines along with 50 gaming tables , a 395-room hotel, six restaurants plus food and coffee facilities, as well as a 1, 000-seat theater, involving other conveniences. The leased land includes a parking along with 1, 525 spaces.

Whilst VICI paid for the territory and properties assets from the hotel in addition to casino resort, Penn Country wide bought the actual operational possessions of the home for $115 million inside cash, bringing the aggregate sticker price to $376 million.https://myfreepokies.com/free-pokies-app/ Continue reading Caesars Modern casino REIT Obtains Margaritaville Holiday resort Casino around Bossier Community