Caesars Gambling house REIT Gets Margaritaville Turn Casino throughout Bossier Town

Caesars Gambling house REIT Gets Margaritaville Turn Casino throughout Bossier Town

Caesars REIT accomplishes acquisition of Louisiana’s Margaritaville Turn Casino, rents property in order to Penn Country wide Gaming

VICI Properties declared Wednesday it has done the acquisition of Margaritaville Resort Casino within Bossier Community, Louisiana to get $261 zillion in profit. The company even offers leased the property to on line casino operator Penn National Video games.

VICI could be the real estate investment trust that made off Las Vegas gaming goliath Caesars Enjoyment Corp. contained in the latter business lengthy Chapter 11 a chapter 7 case.

VICI said yesterday evening that it provides paid around $261 huge number of for the property and real estate assets regarding Margaritaville Location Casino. The property or house opened entry doors in 2013 and is modern facility while in the Bossier/Shreveport gaming market. The item occupies 3 acres associated with fee terrain and pretty much 30 real estate of leased land. The very fee property features a 26, 500-square-foot internet casino floor having 1, 215 slot machines and also 50 game playing tables , a 395-room hotel, some restaurants plus food and beverage facilities, together with a 1, 000-seat theater, involving other creature comforts. The leased land comes with a parking having 1, five-hundred spaces.

Even while VICI bought the acreage and property assets with the hotel along with casino location, Penn Countrywide bought typically the operational benefits of the property for $115 million within cash, using the aggregate sticker price to $376 million.https://myfreepokies.com/lucky-88-slot-review/ Continue reading Caesars Gambling house REIT Gets Margaritaville Turn Casino throughout Bossier Town