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Caesars Betting house REIT Receives Margaritaville Turn Casino for Bossier Town

Caesars Betting house REIT Receives Margaritaville Turn Casino for Bossier Town

Caesars REIT intégral acquisition of Louisiana’s Margaritaville Holiday resort Casino, rents property for you to Penn Domestic Gaming

VICI Properties launched Wednesday so it has done the acquisition of Margaritaville Turn Casino within Bossier City, Louisiana regarding $261 mil in cash. The company also offers leased the home or property to online casino operator Penn National Gambling.

VICI is the real estate investment have confidence in that made off Nevada gaming goliath Caesars Pleasure Corp. contained in the latter carrier’s lengthy Segment 11 bankruptcy proceeding case.

VICI said yesterday that it offers paid just about $261 huge number of for the area and real-estate assets with Margaritaville Destination Casino. The house opened panels in 2013 and is up to date facility within the Bossier/Shreveport game playing market. This occupies 4 acres connected with fee territory and just about 30 abundance of leased land. Typically the fee get features a twenty six, 500-square-foot gambling house floor by using 1, 215 slot machines plus 50 video games tables , a 395-room hotel, some restaurants and even food and drink facilities, plus a 1, 000-seat theater, among other facilities. The rented land carries a parking with 1, five-hundred spaces.

Even though VICI used the territory and real estate property assets from the hotel and also casino location, Penn Domestic bought the particular operational property of the house for $115 million for cash, taking the aggregate final cost to $376 million.play pokies free Læs resten