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Caesars Gambling house REIT Acquires Margaritaville Hotel Casino inside Bossier Community

Caesars Gambling house REIT Acquires Margaritaville Hotel Casino inside Bossier Community

Caesars REIT intégral acquisition of Louisiana’s Margaritaville Resort Casino, rents property to be able to Penn Country wide Gaming

VICI Properties published Wednesday that it has finalized the acquisition of Margaritaville Vacation resort hotel Casino on Bossier Location, Louisiana with regard to $261 mil in profit. The company has additionally leased the property or house to on line casino operator Penn National Playing games.

VICI is the real estate investment believe in that content spinner off Nevada gaming ‘ninja-like’ Caesars Amusement Corp. as a part of latter provider’s lengthy Phase 11 personal bankruptcy case.

VICI said recently that it has got paid nearly $261 million dollars for the land and properties assets regarding Margaritaville Vacation resort hotel Casino. The exact property opened opportunities in 2013 and is the modern facility within the Bossier/Shreveport game market. This occupies 5 acres connected with fee territory and pretty much 30 real estate of rented land. The main fee area features a 18, 500-square-foot internet casino floor with 1, 215 slot machines plus 50 game playing tables , a 395-room hotel, ?tta restaurants and food and consume facilities, together with a 1, 000-seat theater, involving other amenities. The leased land carries a parking along with 1, 900 spaces.

Though VICI used the area and realty assets from the hotel and also casino destination, Penn Country wide bought the particular operational benefits of the home for $115 million around cash, using the aggregate purchase price to $376 million.free online pokies with features