Caesars Internet casino REIT Receives Margaritaville Location Casino within Bossier Town

Caesars Internet casino REIT Receives Margaritaville Location Casino within Bossier Town

Caesars REIT accomplishes acquisition of Louisiana’s Margaritaville Resort Casino, rents property in order to Penn Nationwide Gaming

VICI Properties announced Wednesday that this has accomplished the purchase of Margaritaville Turn Casino in Bossier Metropolis, Louisiana to get $261 , 000, 000 in capital. The company the cause leased the property to gambling house operator Penn National Playing games.

VICI would be the real estate investment trust that spun off Nevada gaming goliath Caesars Amusement Corp. within the latter corporate entity’s lengthy Segment 11 personal bankruptcy case.

VICI said the other day that it possesses paid about $261 thousand for the terrain and property assets connected with Margaritaville Destination Casino. The home or property opened opportunities in 2013 and is the modern facility during the Bossier/Shreveport games market. It all occupies 4 acres with fee acreage and close to 30 chattels real of rented land. The very fee acreage features a 28, 500-square-foot gambling establishment floor by using 1, 215 slot machines and 50 game tables , a 395-room hotel, a few restaurants together with food and cocktail facilities, along with a 1, 000-seat theater, amid other services. The leased land includes a parking together with 1, 500 spaces.

Even while VICI used the terrain and property assets of your hotel and also casino vacation resort hotel, Penn Country wide bought the exact operational resources of the building for $115 million for cash, using the aggregate cost to $376 million.lucky 88 slot for iphone […]

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