Business
September 21, 2020
Caesars and VICI Complete Caesars Forum $400M Mortgage Deal
Caesars Entertainment announced Friday it secured a mortgage loan deal worth $400 million with real estate investment trust (REIT) VICI Properties, and secured by the Caesars Forum Conference Center in Las Vegas. In a filing to the Securities and Exchange Commission (SEC) VICI outlined the loan deal which was initiated by a letter of intent […]
Casino
September 4, 2020
Caesars and VICI Sell Harrah’s Louisiana Downs for $22M
Caesars Entertainment and VICI Properties announced Thursday the sale of a casino property, as both companies entered into definitive agreements to sell Harrah’s Louisiana Downs in a $22 million deal to Rubico Acquisition Corp. The sale of the casino and racecourse resort in Bossier City, Louisiana, comes as a surprise on the back of the […]
Casino
July 4, 2020
Twin River Completes Isle of Capri & Lady Luck Acquisitions
Twin River Holdings, Inc reported Thursday it completed the deal to acquire the Isle of Capri in Kansas City, Missouri, and Lady Luck Casino in Vicksburg, Mississippi, for a combined price of $230 million, subject to customary adjustments. Twin River Expands into Missouri and Mississippi The deal to acquire Eldorado Resorts’ subsidiary companies which own […]
Business
June 28, 2020
Gaming REITs Stock Undervalued, Offering Potential for Investors
Casino companies selling their gaming properties to real estate investment trusts (REITs) and then leasing them back was an event happening relatively often since the beginning of 2020, and especially during the period of casino closures when operators were struggling for short-term cash to cover their burn rates. It featured heavily into the Eldorado Resorts […]
Business
June 16, 2020
Eldorado Secures $400M Loan from VICI, Sells Land for $103M
Eldorado Resorts announced Monday after stock market close that it entered into deals with VICI Properties to generate $500 million ahead of the completion of its mega-merger deal with Caesars Entertainment. Eldorado Secures Loan from VICI The Reno-based casino operator signed a letter of intent to enter into a $400 million mortgage deal secured by […]