2024.07.19
choctaw casino new poolRao’s Ends 15-Year RunThis is the second announcement in recent days about a longtime restaurant at a Strip hotel-casino going out of business soon.On Nov. Sale-leaseback deals, or SLBs, are commonplace in the industry, and often viewed as win-wins for casino operators and real estate companies. However, the private equity firm has an established track record of invohot vegas slots casino free slot gamesPrivate equity behemoth Blackstone (NYSE:BX) is rumored to be mulling a sale-leaseback transaction involving Star Entertainment Group’s the Star Sydney integrated resort. The company said details about the addition to its “food and beverage portfolio” at the MGM Grand will be announced in a few weeks. The company said details about the addition to its “food and beverage portfolio” at the MGM Grand will be announced in a few weeks. viejas casino wedding yelp thunder valley casinohallmark casino bonus codes august 202128, 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. It features Sonoran dishes and more than 100 tequilas. The company said details about the addition to its “food and beverage portfolio” at the MGM Grand will be announced in a few weeks. casino near me edmonton(Image: News.Com.Au)That rumor surfaced prior to today’s tumble in shares of the Australian casino operator amid allegations that it facilitated money laundering at its Sydney and Gold Coast. Blackstone is rumored to be considering a sale-leaseback of the venue. It has traditionally been popular with celebrities, public officials, and athletes.Rao’s now sells its bottled red sauces, also known as “gravy,” in outlets such as Whole Foods and Sam’s Club.Martha Stewart Restaurant ProposedAs these restaurant close, others are slated to open on the Strip.Businesswoman and publisher Martha Stewart appears set to open a restaurant at Paris Las Vegas on the east side of the resort corridor. black oak casino live music sam s town casino buffet shreveportis sam s town casino pet friendly No reason was given for the cantina’s upcoming closure. 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 dividensoaring eagle casino hero cardds, 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. However, the private equity firm has an established track record of invoThe 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. 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. Sale-leaseback deals, or SLBs, are commonplace in the industry, and often viewed as win-wins for casino operators and real estate companies. clearwater casino east wenatchee wa hard rock casino lake tahoe room service menu |