mountaineer casino indoor poolPrivate 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 Atlantic City gaming property announced this morning that Glebocki has resigned, and her departure is effective immediately. (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. poker game winning handsGlebocki 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. Sale-leaseback deals, or SLBs, are commonplace in the industry, and often viewed as win-wins for casino operators and real estate companies. Ocean Casino Resort CEO Terry Glebocki has left the boardwalk building. twin river casino betting

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chumba casino winsUnder her leadership, the casino was able to turn financially sound. “Terry joined Ocean on the brink of bankruptcy, and is leaving the property as a leading casino resort in Atlantic City.”Future UnknownOcean Casino did not specify a reason for Glebocki’s departure. The Atlantic City gaming property announced this morning that Glebocki has resigned, and her departure is effective immediately. how to withdraw money from borgata online casinoHowever, 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. 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 dividends, ofoxwoods resort casino ownerr 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. (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. 888 bicycle casino dr

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doubledown casino ibues(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. 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. 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. A few months later, it took a minority stake in a deal with MGM Growth Properties in the real estate of the MGM Grand and Mandalay Bay. 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. Blackstone is rumored to be considering a sale-leaseback of the venue. gold coast casino yelp