Las Vegas Sands has exited the city it was named after. On Wednesday, the company announced that it has sold all of its property in the city, including the famed Venetian Resort Las Vegas and the Sands Expo and Convention Center for $6.25 billion. Taking ownership of the real estate will be real estate investment… Read more »
A deal in an empty market Casinos around the United States may be closed and there might not be any prospects for any real sort of cash flow for the foreseeable future, but that doesn’t mean that gaming industry deals can’t still be made. Recently, Twin River Worldwide Holdings Inc. announced that it has agreed… Read more »
$50 million deal Caesars Entertainment and VICI Properties announced on Wednesday that they have agreed to sell Harrah’s Reno Hotel and Casino an unnamed affiliate of CAI Investments. The sale price is $50 million, with 75 percent going to VICI Properties and 25 percent going to Caesars. Once the transaction is complete, Harrah’s Reno will… Read more »
JACK Entertainment announced on Friday that it has completed the sale of its JACK Cincinnati Casino for $745 million. It is a two-part sale: VICI Properties acquired a JACK subsidiary that owns the land and real estate assets of the casino and Hard Rock International will take over the operations of the property. Buy and… Read more »
