silver oak casino free chipBlackstone is rumored to be considering a sale-leaseback of the venue. 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 dividenisland view casino entertainment scheduleds, 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. The restaurant opened in 2013. paragon casino covid 1928, 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. 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. Rao’s owners hinted they are planning to open another restaurant in the Las Vegas Valley.“While our future in Las Vegas is not yet decided, we are very excited about the possibilities of what lies ahead,” the owners said in a statement.The Rao’s at Caesars Palace is the Las Vegas island view casino entertainment schedulebranch of the longtime, famous Rao’s in New York City. p street casino

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