Caesars Modern casino REIT Receives Margaritaville Turn Casino within Bossier Locale

Caesars Modern casino REIT Receives Margaritaville Turn Casino within Bossier Locale

Caesars REIT tidies up acquisition of Louisiana’s Margaritaville Hotel Casino, leases property to be able to Penn National Gaming

VICI Properties reported Wednesday it has achieved the acquisition of Margaritaville Location Casino inside Bossier Metropolis, Louisiana just for $261 thousand in funds. The company even offers leased the house or property to modern casino operator Penn National Game playing.

VICI may be the real estate investment believe in that made off Nevada gaming giant Caesars Leisure Corp. as a part of latter corporation’s lengthy Segment 11 personal bankruptcy case.

VICI said the other day that it offers paid roughly $261 , 000, 000 for the get and housing assets for Margaritaville Vacation resort hotel Casino. The home opened entrance doors in 2013 and is up to date facility inside the Bossier/Shreveport video games market. That occupies some acres about fee territory and nearly 30 acres of leased land. Often the fee land features a 21, 500-square-foot modern casino floor through 1, 215 slot machines together with 50 games tables , a 395-room hotel, 4 restaurants and also food and coffee facilities, and also a 1, 000-seat theater, amongst other amenities. The rented land includes parking through 1, 400 spaces.

Though VICI grabbed the terrain and property assets within the hotel together with casino vacation resort hotel, Penn Country wide bought the exact operational tools of the property for $115 million for cash, taking the aggregate price to $376 million.free download pokies
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