#Master Lease

iGaming Business

Red Deer opens new land-based casino in Alberta

An extension of the original hotel, the new Jackpot Casino will allow customers to access a range of gambling options. On-site services include slot machines, table games and a poker room, stretched across 38000sq ft of gaming space. The new-look venue also has over 240 hotel rooms, meeting rooms, conference centre, dining rooms and a bar. The…
Land-based
Red Deer opens new land-based casino in Alberta
Super Slots
Maryland Daily Record

Century Casinos acquires operations of Rocky Gap Casino Resort in western MD

Century Casinos Inc. Wednesday announced it completed the acquisition of the operations of Flintstone-based Rocky Gap Casino Resort from Golden Entertainment Inc. for approximately $56.1 million. Simultaneous with the closing of the July 25 transaction, an affiliate of VICI Properties Inc. acquired a related interest in the land and building…
Land-based
Century Casinos acquires operations of Rocky Gap Casino Resort in western MD
Gambling News

Bally's to Launch Live Casino with Stakelogic Partnership in Rhode Island

Image Source: Shutterstock.com Bally's Corporation, a major player in the casino industry, has joined forces with Stakelogic, a leading supplier of live casino games, in an ambitious move to expand its online gaming operations. By collaborating with Stakelogic, Bally's plans to introduce a state-of-the-art live casino experience to the North…
Industry
Bally's to Launch Live Casino with Stakelogic Partnership in Rhode Island
Wild Casino

$5,000 Welcome Bonus

Deposit bonuses are optional and must be requested by the player when making a deposit. For example, use Promo Code WILD1 to a 100% Casino bonus. Your bonus request will be assessed and, if your account is eligible for the bonus, it will be added to your account immediately.
commercialsearch.com

REITs Lead Charge to Consolidate Casino Real Estate

The slowdown in transactions across commercial real estate as a result of higher interest rates is unlikely to dramatically change in the near term as the question of value continues to plague buyers, sellers and lenders. But properties that house gaming operators are proving the exception. Not only did casino tenants pay rent when closed during…
Land-based
REITs Lead Charge to Consolidate Casino Real Estate
Casino Guru

VICI acquires four Canadian casinos from PURE Canadian Gaming

The leading experiential real estate investment trust that has a growing portfolio of gaming, hospitality and entertainment venues, VICI Properties, announced a new acquisition. The company said Monday it has agreed to acquire four gaming properties in Canada from PURE Canadian Gaming Corp. The acquisition with a price tag of CA$271.9m ($200.8…
Industry
VICI acquires four Canadian casinos from PURE Canadian Gaming
World Casino News

VICI Properties Completes Acquisition in Alberta

An experiential real estate investment trust, VICI Properties Inc, announced some major news - the company acquired the real estate assets of the biggest casinos in Alberta: two casinos in Edmonton, PURE Casino Edmonton, and PURE Casino Yellowhead, also the casino in Calgary, PURE Casino Calgary, and PURE Casino Lethbridge in Lethbridge. Those…
Industry
VICI Properties Completes Acquisition in Alberta
Gambling Insider

VICI Properties acquires four Canadian Gaming properties for US$200m

The real estate investment trust has acquired the real estate assets of Pure Casino Edmonton in Edmonton, Pure Casino Yellowhead, also in Edmonton, Pure Casino Calgary in Calgary, and Pure Casino Lethbridge in Lethbridge. All four properties are in the province of Alberta. Pure Casino Edmonton has 27 table games and 16 poker tables, while Pure…
Land-based
RELATED LOCATIONS
renx.ca

VICI acquires 4 PURE casinos in Alberta: $271.9M -RENX- Real Estate News Exchange

U.S.-based VICI Properties has acquired the real estate assets of four casinos and gaming facilities in Alberta from PURE Canadian Gaming for $271.9 million, the firm announced Monday morning. The facilities are the PURE Casino Edmonton, PURE Casino Yellowhead in Edmonton, PURE Casino Calgary, and PURE Casino Lethbridge. VICI has entered into a…
Land-based
VICI acquires 4 PURE casinos in Alberta: $271.9M -RENX- Real Estate News Exchange
What's Up Newp

Bally's Tiverton Casino & Hotel announces completion of real estate transaction with GLPI

Bally's Corporation today announced that it has completed a real estate transaction with Gaming & Leisure Properties, Inc., in which the two firms sold and leased back the land and real estate assets of Bally's Tiverton Casino & Hotel in Tiverton, Rhode Island, and Bally's Hard Rock Hotel & Casino Biloxi in Biloxi, Mississippi. According to a press…
Land-based
Bally's Tiverton Casino & Hotel announces completion of real estate transaction with GLPI
Gambling News

VICI Properties to Fund Century Casinos Caruthersville Expansion

Experiential real estate investment trust (REIT) VICI Properties announced plans to use its Partner Property Growth Fund and finance an expansion project for Century Casinos in Missouri. VICI Properties will provide the funds for a new land-based casino project at Century Casino Caruthersville, in Caruthersville, Missouri, comprising a casino and…
Industry
Yogonet

VICI partners with Century Casinos to fund new Missouri casino

Casino real estate investment trust VICI Properties has announced it is partnering with land-based operator Century Casinos in its project to open a new property in Missouri. As part of the agreement, VICI will utilize its Partner Property Growth Fund to provide capital for the project, which will see a new facility replace the existing Century…
Industry
RELATED CATEGORIES
Casino City Times

Century Casinos provides updates on Caruthersville projects

Gaming News 5 December 2022 (PRESS RELEASE) -- Century Casinos, Inc. broke ground on the new land-based casino and hotel development at Century Casino Caruthersville (the "Caruthersville Project") on Friday, 2 December. The Mississippi casino at Century Casino Caruthersville will offer 650 slot machines (with the possibility of an expansion of up…
Law
Yogonet

Missouri: Century Casinos breaks ground on casino development in Caruthersville

Century Casinos has released an update on its casino construction project in Caruthersville, Missouri. The company broke ground on the new land-based casino and hotel development at Century Casino Caruthersville on December 2. The venue will feature 650 slot machines (with the possibility of an expansion of up to 140 additional slot machines),…
Land-based
Missouri: Century Casinos breaks ground on casino development in Caruthersville
Guru Focus

Century Casinos Provides Updat

COLORADO SPRINGS, Colo., Dec. 5, 2022 /PRNewswire/ -- Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) broke ground on the new land-based casino and hotel development at Century Casino Caruthersville (the "Caruthersville Project") on Friday, December 2, 2022. The casino at Century Casino Caruthersville will offer 650 slot machines (with the…
Land-based
Yogonet

Penn Entertainment to bring Illinois riverboat casinos ashore; add hotel towers to Ohio's Hollywood Columbus and Nevada's M Resort

Penn Entertainment announced Monday that the company is set to pursue four new projects with an overall $850 million budget, including the relocation of its riverboat casinos in Aurora and Joliet, Illinois, to new land-based facilities. Additionally, the business is set to build a new hotel at Hollywood Columbus in Ohio, and a second hotel tower at…
Travel
RELATED BRANDS
The Street

Forget Caesars and MGM. The Las Vegas Strip Has a Secret Leader.

Las Vegas has a lot of big-name operators that grab the spotlight. Caesars Entertainment (CZR) - Get Caesars Entertainment Inc Report, for example, has its name splashed across its signature property, the massive Caesars Palace. It's not subtle, which makes sense given that the casino giant wants people to stay at its resorts, gamble in its casinos…
Land-based
Seeking Alpha

VICI Properties: A High-Quality Casino REIT Stock (NYSE:VICI)

VICI Properties (NYSE: NYSE: VICI) is a leading gaming and hospitality REIT that owns and acquires casinos and hotels around the U.S. They own premier casinos like Caesars Palace, Harrah's, and Venetian and collect rent from the operators based on a triple net lease. Since VICI's formation, it has grown at a rapid pace, and they now hold an…
Land-based
VICI Properties: A High-Quality Casino REIT Stock (NYSE:VICI)
RELATED AFFILIATES
iGaming Business

GLPI completes acquisition of Philadelphia and Pittsburgh Live! casino properties

The double purchase formed part of a wider deal agreed in December last year, which also included the acquisition of the Live! Casino & Hotel Maryland, though this purchase is yet to complete. GLPI funded the two acquisitions by assuming $423.0m in debt, which has already been repaid, and by issuing approximately $137.0m of operating partnership…
Industry
GLPI completes acquisition of Philadelphia and Pittsburgh Live! casino properties
Penn Bets

Cordish Selling Off And Leasing Back Its Live! Casinos

The Cordish Companies spent $850 million in recent years to build and open two casinos in Pennsylvania, and now it is selling them and its Maryland casino off through a $1.81 billion transaction with Gaming and Leisure Properties Inc. It is unlikely customers of the Live! Philadelphia or Live! Pittsburgh properties will notice anything different,…
Travel
Cordish Selling Off And Leasing Back Its Live! Casinos
The Nevada Independent

How VICI Properties is quietly becoming landlord to the biggest casinos in Vegas

In the waning days of Caesars Entertainment's two-year bankruptcy reorganization, creditors struggled with a name for a new spin-off company taking ownership of 19 casinos that would control the land and lease the properties back to the operator. Consultants suggested Senatus Populusque Romanus, or SPQR, the term used for the government of ancient…
Travel
How VICI Properties is quietly becoming landlord to the biggest casinos in Vegas
Yogonet

Caesars finalizes $250M sale of Southern Indiana casino to Cherokees

aesars Entertainment has completed the previously announced sale of Caesars Southern Indiana operations to the Eastern Band of Cherokee Indians, confirmed the casino-entertainment company last Friday. The deal was secured by both parties for approximately $250 million. According to Caesars, in connection with this transaction, its annual base rent…
Gaming Authorities
The Motley Fool

The Las Vegas Strip Is Changing Before Our Eyes

Las Vegas has gone through a number of transformations over the last half-century, going from mob town to mega-resorts built by junk bonds to an REIT haven. A largely unseen trend in the city over the last half decade has been the sale of a vast majority of the Las Vegas Strip's real estate to investment firms called real estate investment trusts…
Land-based
The Las Vegas Strip Is Changing Before Our Eyes
Casino News Daily

Caesars Sells Southern Indiana Casino to Cherokee Tribe in $250M Deal

Casino giant Caesars Entertainment Inc. has agreed to sell its Caesars Southern Indiana casino to the Eastern Band of Cherokee Indians (EBCI) for $250 million, news emerged Thursday. The Southern Indiana property is being sold to the tribal operation a year after Caesars completed its $90 million renovation and expansion. Caesars Southern Indiana…
Gaming Authorities
Caesars Sells Southern Indiana Casino to Cherokee Tribe in $250M Deal
Review Journal

Tropicana Las Vegas owner reports solid first-quarter results

The 48 resort properties owned by Wyomissing, Pennsylvania-based Gaming and Leisure Properties Inc. are open and by next year more properties will be in the mix. Executives with GLPI, a gaming-focused real-estate investment trust affiliated with Penn National Gaming that is expected to become the new owner of the Tropicana on the Las Vegas Strip,…
Travel
Tropicana Las Vegas owner reports solid first-quarter results