online gambling 3 card poker(Image: LinkedIn/Casino.org)Ocean Casino unveiled the news to gaming media outlets with a brief statement.We wish to inform you that Terry Glebocki has resigned from her position from Ocean Casino Resort. Blackstone is rumored to be considering a sale-leaseback of the venue. Sale-leaseback deals, or SLBs, are commonplace in the industry, and often viewed as win-wins for casino operators and real estate companies. roulette tablesHowever, the private equity firm has an established track record of involvement in gaming SLBs.In 2019, Blackstone acquired the property assets of the Bellagio on the Las Vegas Strip and leased that venue back to MGM Resorts International. Blackstone is rumored to be considering a sale-leaseback of the venue. In July, the private equity giant announced the purchase of Aria and Vdara on the Strip, and that those venues are being leased back to MGM.Even with the recently announced sale of the Cosmopolitan to MGM, Blackstone remains one of the largest landlords on the Strip.Another Reason Blackstone/Star Partnership Makes SenseThere’s another angle to a possible Blackstone/Star collaboration. b connected kansas star casino

casino near me gatlinburg tn

aliante casino vegasHowever, the private equity firm has an established track record of involvement in gaming SLBs.In 2019, Blackstone acquired the property assets of the Bellagio on the Las Vegas Strip and leased that venue back to MGM Resorts International. The latter was previously a suitor for rival Crown Resorts, which also landed in hot regulatory waters. 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. is there a peppermill casino in las vegasThe 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. Star Entertainment’s Star Sydney. However, the private equity firm has an established track record of involvement in gaming SLBs.In 2019, Blackstone acquired the property assets of the Bellagio on the Las Vegas Strip and leased that venue back to MGM Resorts International. drake casino no deposit free chip 2021

hollywood casino news

cashman casino downloadIt’s also unclear whether Glebocki will remain as the president of the Casino Association of New Jersey (CANJ), a post she was appointed to only in May.Prior to joining Ocean Casino, Glebocki served as finance chief of the very same casino resorSale-leaseback deals, or SLBs, are commonplace in the industry, and often viewed as win-wins for casino operators and real estate companies. Blackstone is rumored to be considering a sale-leaseback of the venue. Glebocki has been credited for saving the boardwalk casino, as it was nearing financial ruin when she arrived.“Glebocki has three decades of financial management experience, which navigated Ocean’s course to fifoxwoods resort casino ownernancial stability,” the casino continued. We thank Terry for her service as chief executive officer since 2019 and wish her well in her future endeavors,” the release stated.Glebocki took the Ocean Casino helms in December of 2019. One thing is for cfoxwoods resort casino ownerertain, Star’s new regulatory controversy notwithstanding, analysts like the idea of the company monetizing its Sydney integrated resort.“We estimate the sale and leaseback of the Sydney casino could generate .25 a share of incremental value, assuming a 5 per cent cap rate, a premium to US REITs given the market position of Australian casinos,” according to a note from E&P Financial Group cited by The Australian.bellagio casino colombo entry fee