2024.07.18
brian christopher slots new videos“We think we own enough of Las Vegas to be open about it. 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. in domestic liquidity as of Sept. doubledown casino supportObviously, 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. Then, Penn, strapped for cash at the time, unloaded Tropicana’s real estate and the ground lease of an asset in Morgantown, Pa. in domestic liquidity as of Sept. cashman casino commercial island resort and casino rv parkgold coast casino shows“Love those assets. (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. Penn National Gaming (NASDAQ:PENN) operates the venue, including the casino and hotel. eldorado reno slot machinesBut 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. Several of the country’s largest gaming companies heeded the call. “We think we own enough of Las Vegas to be open about it. casino slot glitch gta 5 legitimate online slots for real moneymgm grand casino virginiaBut they’re much too volatile for our case.”Then, Penn, strapped for cash at the time, unloaded Tropicana’s real estate and the ground lease of an asset in Morgantown, Pa. Downtown Chicago is seen here. in domestic liquidity as of Sept. 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. But for now, we just love the safety and security of the liquidity.”Hornbuckle noted that it’d be a positive if Las Vegas Sands (NYSE:LVS) disposes of its Nevada assets at the rumored billion price point, particularly if a less-able competitor enters the market. clearwater casino number seminole casino explosion |