Caesars On line casino REIT Receives Margaritaville Holiday resort Casino throughout Bossier Metropolis
Caesars REIT finishes acquisition of Louisiana’s Margaritaville Location Casino, leases property so that you can Penn Countrywide Gaming
VICI Properties released Wednesday who’s has finished the acquisition of Margaritaville Hotel Casino throughout Bossier City, Louisiana with regard to $261 zillion in income. The company also offers leased the exact property to modern casino operator Penn National Game.
VICI will be the real estate investment believe that rotated off Sin city gaming goliath Caesars Celebration Corp. as part of the latter carrier’s lengthy Section 11 bankruptcy case.
VICI said yesterday evening that it offers paid nearly $261 million dollars for the property and properties assets of Margaritaville Resort Casino. The exact property opened gates in 2013 and is the most recent facility from the Bossier/Shreveport games market. It again occupies 3 acres for fee property and approximately 30 dust of rented land. The particular fee land features a twenty six, 500-square-foot casino floor using 1, 215 slot machines in addition to 50 video gaming tables , a 395-room hotel, a few restaurants and even food and drinks facilities, and also a 1, 000-seat theater, among the other facilities. The leased land features a parking by using 1, 700 spaces.
Though VICI paid for the stretch of land and real estate property assets within the hotel along with casino destination, Penn Indigenous bought the actual operational tools of the real estate for $115 million around cash, bringing the aggregate purchase price to $376 million.myfreepokies.com Continue reading Caesars On line casino REIT Receives Margaritaville Holiday resort Casino throughout Bossier Metropolis