resorts casino spaRao’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. No reason was given for the cantina’s upcoming closure. 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. encore casino fightThe restaurant opened in 2013. Private equity behemoth Blackstone (NYSE:BX) is rumored to be mulling a sale-leaseback transaction involving Star Entertainment Group’s the Star Sydney integrated resort. Blackstone is rumored to be considering a sale-leaseback of the venue. black hawk casino near me

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casino poker table coronavirusMGM 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. 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. double down casino lawsuit 2020No 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. (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. Star Entertainment’s Star Sydney. big fish casino will not load

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doubledown casino running slow. 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. The company said details about the addition to its “food and beverage portfolio” at the MGM Grand will be announced in a few weeks. Sale-leaseback deals, or SLBs, are commonplace in the industry, and often viewed as win-wins for casino operators and real estate companies. 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 dividen100 free slot gamesds, 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 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. sycuan casino discount code