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cashman casino vegas slot gamePrivate equity behemoth Blackstone (NYSE:BX) is rumored to be mulling a sale-leaseback transaction involving Star Entertainment Group’s the Star Sydney integrated resort. No time frame has been given for when this might occur.Stewart, a former Chanel model and stockbroker, was convicted in March 2004 on four counts in a securities fraud investigation, according to CNN. Through these agreements, a gaming company can monetize land assets, often garnering large, upfront sums of cash to use for anything, including more acquisitions, shareholder rewards, such as buybacks and dividenzorro casino slots freeds, or to reduce debt.Likewise, the real estate firm that leases the land back to the operator gets the benefit of long-term tenant agreements that often include gradually increasing rates without having to be financially responsible for building enhancements.Blackstone Logical Partner for StarFor now, Blackstone’s possible involvement in a sale-leaseback for Star Sydney remains a point of speculation, not confirmation. boomtown casino website. The slide in Star Entertainment stock led to 0 million in evaporated market capitalization.Regarding the Star Sydney, the operator sees an avenue to create value for shareholders by potentially selling a majority stake in the .68 billion venue and leasing back the remainder. 28, Rao’s Italian restaurant at Caesars Palace on the resort corridor is closing after 15 years.The owners did not give a reason for closing the restaurant next month. slotbooster doubledown casino

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poker casino las vegasIt features Sonoran dishes and more than 100 tequilas. No reason was given for the cantina’s upcoming closure. MGM Resorts said in a statement that after the cantina closes the space will be used for “a new food and beverage concept” to be opened in the winter. Sale-leaseback deals, or SLBs, are commonplace in the industry, and often viewed as win-wins for casino operators and real estate companies. (Image: KTNV-TV)MGM Resorts recently announced that Hecho en Vegas Mexican Grill & Cantina at the MGM Grand hotel-casino will close permanently by the beginning of November, according to the Las Vegas Review-Journal. The company could be looking to sell a 51 percent interest in the property while retaining 49 percent.We see the potential to unlock value from our property assets via a sale and leaseback or similar transaction,” said Star Entertainment CEO Harry Theodore in an interview with The Australian.Credit Suisse is working on sale-leaseback leads for the gaming company. hard rock casino x card