Caesars Modern casino REIT Gets Margaritaville Resort Casino within Bossier Metropolis

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

VICI Properties publicised Wednesday which it has achieved the purchase of Margaritaville Hotel Casino throughout Bossier Location, Louisiana regarding $261 , 000, 000 in hard cash. The company also offers leased the house or property to casino operator Penn National Game.

VICI could be the real estate investment have confidence in that rotated off Nevada gaming giant Caesars Pleasure Corp. a product of latter provider’s lengthy Phase 11 bankruptcy case.

VICI said yesterday that it features paid something like $261 million for the property and housing assets connected with Margaritaville Turn Casino. The home or property opened entry doors in 2013 and is the most up-to-date facility inside Bossier/Shreveport game market. The idea occupies five acres involving fee area and just about 30 dust of rented land. The very fee stretch of land features a 28, 500-square-foot gambling establishment floor utilizing 1, 215 slot machines and even 50 gambling tables , a 395-room hotel, 6 restaurants and food and cocktail facilities, and also a 1, 000-seat theater, concerning other conveniences. The leased land includes parking using 1, 500 spaces.

Even though VICI acquired the property and real estate property assets with the hotel and casino hotel, Penn Indigenous bought the actual operational tools of the premises for $115 million on cash, bringing the aggregate sticker price to $376 million.play pokies online free for fun Continue reading →