Caesars Gambling house REIT Acquires Margaritaville Turn Casino in Bossier Location

Caesars REIT tidies up acquisition of Louisiana’s Margaritaville Resort Casino, leases property to Penn Indigenous Gaming

VICI Properties launched Wednesday going without shoes has finished the purchase of Margaritaville Vacation resort Casino inside Bossier City, Louisiana meant for $261 , 000, 000 in funds. The company has additionally leased the home to on line casino operator Penn National Gambling.

VICI is definitely the real estate investment faith that made off Vegas gaming ‘ninja-like’ Caesars Fun Corp. contained in the latter business lengthy Section 11 a chapter 13 case.

VICI said recently that it offers paid around $261 million for the get and real estate property assets involving Margaritaville Location Casino. The exact property opened entrance doors in 2013 and is the newest facility in the Bossier/Shreveport video games market. It again occupies check out acres for fee property and close to 30 real estate of leased land. The very fee territory features a 28, 500-square-foot betting house floor together with 1, 215 slot machines and 50 video gaming tables , a 395-room hotel, ?tta restaurants along with food and refreshment facilities, including a 1, 000-seat theater, amid other creature comforts. The leased land includes parking having 1, 400 spaces.

Even while VICI possessed the area and housing assets within the hotel as well as casino resort, Penn Countrywide bought the very operational possessions of the home for $115 million inside cash, using the aggregate out the door cost to $376 million.free pokies games for fun Read more