Posted on

Caesars Betting house REIT Obtains Margaritaville Holiday resort Casino within Bossier Community

Caesars Betting house REIT Obtains Margaritaville Holiday resort Casino within Bossier Community

Caesars REIT wraps up acquisition of Louisiana’s Margaritaville Vacation resort hotel Casino, rents property to Penn Country wide Gaming

VICI Properties launched Wednesday which it has carried out the purchase of Margaritaville Holiday resort Casino on Bossier Town, Louisiana just for $261 mil in money. The company has also leased the exact property to internet casino operator Penn National Game.

VICI will be the real estate investment have confidence in that uniquely spun off Nevada gaming giant Caesars Activity Corp. included in the latter firm’s lengthy Chapter 11 a chapter 13 case.

VICI said recently that it provides paid approximately $261 million for the land and real estate assets for Margaritaville Destination Casino. The property opened panels in 2013 and is the latest facility while in the Bossier/Shreveport video games market. The idea occupies several acres regarding fee area and practically 30 real estate of rented land. The very fee property features a 30, 500-square-foot on line casino floor through 1, 215 slot machines together with 50 video games tables , a 395-room hotel, six restaurants as well as food and consume facilities, and a 1, 000-seat theater, concerning other amenities. The rented land incorporates a parking along with 1, 400 spaces.

Whilst VICI been given the area and housing assets from the hotel plus casino resort, Penn Domestic bought the main operational assets of the premises for $115 million throughout cash, taking the aggregate price to $376 million.https://myfreepokies.com/ Continue reading Caesars Betting house REIT Obtains Margaritaville Holiday resort Casino within Bossier Community