Laughlin Visitor Numbers for August up 0.9%, Stop.View the details in the SEC report/filing: Caesars will also lease back the Rio for at least two years.Įldorado also owns Tropicana Laughlin, in Laughlin, Nevada. See the list of VICI holdings.Įldorado’s announcement of the sale of the three properties comes just days after Caesars announced the pending sale of the Rio in Las Vegas to Imperial Companies (another real estate firm out of New York) for $516.3 million. VICI also owns several other Casino/Hotels such as Harrah's Las Vegas, Caesars Palace in Las Vegas, Harrah's Tahoe, and others. VICI will purchase the land and property and lease the properties back to Caesars. The breakdown by property of the $1.8 billion sale price is: Under that acquisition, Caesars Entertainment will merge in 2020 with Eldorado and operate under the Casears name. The buyer is VICI Propertiesand the agreement is dependent on Eldorado’s $17.8 billion acquisition of Caesars Entertainment, who currently own the three properties.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |