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Caesars Modern casino REIT Acquires Margaritaville Location Casino throughout Bossier Metropolis

Caesars Modern casino REIT Acquires Margaritaville Location Casino throughout Bossier Metropolis

Caesars REIT intégral acquisition of Louisiana’s Margaritaville Hotel Casino, leases property that will Penn Countrywide Gaming

VICI Properties announced Wednesday going without shoes has done the purchase of Margaritaville Vacation resort hotel Casino for Bossier Town, Louisiana to get $261 million in hard cash. The company in addition has leased the house to betting house operator Penn National Video games.

VICI may be the real estate investment believe that made off Las Vegas gaming giant Caesars Activity Corp. within the latter company’s lengthy Pg . 11 personal case.

VICI said this morning that it has paid approximately $261 million dollars for the get and real estate assets about Margaritaville Resort Casino. The exact property opened doorways in 2013 and is the most up-to-date facility while in the Bossier/Shreveport video games market. It again occupies check out acres of fee stretch of land and approximately 30 grounds of rented land. The actual fee stretch of land features a 28, 500-square-foot on line casino floor by using 1, 215 slot machines and even 50 video games tables , a 395-room hotel, a few restaurants in addition to food and tipple facilities, and also a 1, 000-seat theater, between other comforts. The leased land incorporates a parking having 1, five-hundred spaces.

Though VICI bought the get and property assets within the hotel plus casino turn, Penn Domestic bought often the operational assets of the building for $115 million inside cash, bringing the aggregate sticker price to $376 million.free pokies games download full version

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