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Caesars Casino REIT Acquires Margaritaville Resort Casino in Bossier Community

Caesars REIT completes acquisition of Louisiana's Margaritaville Holiday resort Casino, rents property to be able to Penn Domestic Gaming

VICI Properties publicised Wednesday who's has carried out the acquisition of Margaritaville Holiday resort Casino around Bossier City, Louisiana with regard to $261 , 000, 000 in capital. The company even offers leased the home or property to gambling house operator Penn National Games.

VICI would be the real estate investment confidence that rotated off Sin city gaming powerhouse Caesars Enjoyment Corp. a product of latter corporate entity's lengthy Page 11 a chapter 13 case.

VICI said this morning that it provides paid roughly $261 mil for the acreage and property assets connected with Margaritaville Hotel Casino. The property opened entry doors in 2013 and is up to date facility during the Bossier/Shreveport video gaming market. It again occupies 5 acres regarding fee acreage and pretty much 30 grounds of leased land. The fee stretch of land features a 28, 500-square-foot casino floor utilizing 1, 215 slot machines and 50 game tables , a 395-room hotel, six restaurants and food and coffee facilities, and also a 1, 000-seat theater, among the other options. The rented land includes a parking using 1, 525 spaces.

Though VICI acquired the land and real estate property assets of your hotel and casino turn, Penn Country wide bought the operational resources of the home for $115 million inside cash, bringing the aggregate price to $376 million.https://myfreepokies.com/