Caesars Modern casino REIT Acquires Margaritaville Resort Casino in Bossier Urban center
Caesars REIT accomplishes acquisition of Louisiana’s Margaritaville Destination Casino, leases property to help Penn National Gaming
VICI Properties announced Wednesday it has done the purchase of Margaritaville Resort Casino with Bossier Metropolis, Louisiana just for $261 trillion in income. The company has additionally leased the exact property to internet casino operator Penn National Game.
VICI could be the real estate investment believe that created off Nevada gaming giant Caesars Enjoyment Corp. as part of the latter business lengthy Page 11 bankruptcy case.
VICI said recently that it seems to have paid about $261 huge number of for the get and housing assets about Margaritaville Turn Casino. The property or home opened entrances in 2013 and is the most recent facility on the Bossier/Shreveport game market. The item occupies 3 acres regarding fee terrain and pretty much 30 abundance of leased land. The actual fee territory features a 30, 500-square-foot online casino floor utilizing 1, 215 slot machines and even 50 gambling tables , a 395-room hotel, 6 restaurants plus food and beverage facilities, along with a 1, 000-seat theater, involving other facilities. The leased land includes a parking by using 1, five-hundred spaces.
Even while VICI acquired the acreage and real estate investment assets within the hotel along with casino destination, Penn Countrywide bought often the operational possessions of the premises for $115 million on cash, bringing the aggregate out the door cost to $376 million.myfreepokies.com Continue reading Caesars Modern casino REIT Acquires Margaritaville Resort Casino in Bossier Urban center