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2024.07.12
poker all winning handsSeveral of the country’s largest gaming companies heeded the call. Downtown Chicago is seen here. Several of the country’s largest gaming companies heeded the call. 4 card poker holland casino(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. (Image: Las Vegas Review-Journal)As it stands today, Gaming and Leisure Properties (NASDAQ:GLPI) owns the property. “Love those assets. resorts casino in new york downstream casino drink menuphone number chinook winds casinoThe companies were asked what sort of minimum acreage would be needed, what an ideal location would offer, how the city’s existing Several well-known casino brands have told Chicago officials what they would seek in building a resort in the Windy City. That means the price the REIT could fetch for Tropicana today would likely be far lower than what it can command after the virus is vanquished and Las Vegas recovers. new harrah s casino in ncBut there will be other opportunities that the market presents to us that we’ll have to take a sincere look at. But 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. “As I say, there are a lot of wing and a prayer kind of offers that we have gotten. valley forge casino autograph running aces casino phone numberluckyland slots. comTropicana Las Vegas, seen here. Obviously, 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. But he added that MGM isn’t looking to buy those venues.Tropicana Las Vegas, seen here. 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. Penn National Gaming (NASDAQ:PENN) operates the venue, including the casino and hotel. palace station casino reservations slot machine free slot games |