Caesars Casino REIT Acquires Margaritaville Location Casino in Bossier Town

Caesars Casino REIT Acquires Margaritaville Location Casino in Bossier Town

Caesars REIT intégral acquisition of Louisiana’s Margaritaville Location Casino, leases property that will Penn Domestic Gaming

VICI Properties declared Wednesday it has achieved the purchase of Margaritaville Destination Casino within Bossier Locale, Louisiana regarding $261 million dollars in hard cash. The company has leased the home to casino operator Penn National Game playing.

VICI is definitely the real estate investment trust that content spun off Vegas gaming powerhouse Caesars Pleasure Corp. as part of the latter firm’s lengthy Section 11 individual bankruptcy case.

VICI said recently that it possesses paid around $261 trillion for the terrain and property assets for Margaritaville Resort Casino. The exact property opened doorways in 2013 and is the newest facility from the Bossier/Shreveport game market. Them occupies 4 acres with fee property and practically 30 grounds of leased land. Often the fee area features a twenty six, 500-square-foot casino floor through 1, 215 slot machines as well as 50 game playing tables , a 395-room hotel, some restaurants along with food and coffee facilities, along with a 1, 000-seat theater, among the other comforts. The rented land includes parking through 1, 400 spaces.

When VICI acquired the acreage and housing assets in the hotel together with casino vacation resort, Penn Country wide bought the very operational materials of the residence for $115 million with cash, using the aggregate final cost to $376 pokies no download play online free Read more