2024.07.18
restaurants in lake tahoe casinosTropicana Las Vegas, seen here. (Image: AP)MGM Resorts, Wynn Resorts, Hard Rock Intaliante casino promotionsernational, and Chicago-based Rush Street Gaming are among the casino operators that replied to the RFI. in domestic liquidity as of Sept. bellagio casino dreb codeObviously, that was before COVID-19, and the pandemic is altering the dynamics of large-scale real estate transactions.Scaling Down in Las VegasPennsylvania-based GLP owns the real estate of 45 casinos across the US and operates two itself. Terrific. “We think we own enough of Las Vegas to be open about it. mgm casino youtube chumba casino prepaid cardgolden nugget casino las vegasBut we’ve been surprised by the activity.”The leader of the gaming real estate investment trust (REIT) adds his company would like “to reach a transaction as early as we plausibly can,” but adds GLP is comfortable with the current state of affairs at the Strip venue.Affording the Luxury of PatienceFor multiple reasons, GLP doesn’t need to be hasty in unloading the Tropicana. Several of the country’s largest gaming companies heeded the call. We’re not overly focused on M&A, particularly here in Las Vegas,” he said. firekeepers casino michiganDowntown Chicago is seen here. Terrific. There’s ample interest among potential buyers for the Tropicana Las Vegas. morongo casino football frenzy mohegan sun casino giveawaysonline gambling girls“We think we own enough of Las Vegas to be open about it. One is a pair of Hollywood venues, one in Louisiana, and the other in Maryland.Of that roster, the REIT has just three venues in Southern Nevada, including Tropicana, and its preference is for regional markets, not the Silver State.“And I think most of you know that we’ve made the case for years, that the real safety and stability is out in the hinterlands, not on the Strip,” said Carlino. That scenario came about following a traliante casino promotionsansaction earlier this year. But it’s taking a pragmatic approach to making a deal.We had more than 18 non-disclosure agreements out,” said GLP CEO Peter Carlino on a conference call with analysts and investors earlier this week. But there will be other opportunities that the market presents to us that we’ll have to take a sincere look at. to GLP for 7.5 million in lease credits.Since then, GLP confirmed it’s open to selling Tropicana. red stag no deposit encore casino mabachusetts |