2024.07.18
bellagio casino restaurantsBut 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 well-known casino brands have told Chicago officials what they would seek in building a resort in the Windy City. But he added that MGM isn’t looking to buy those venues.cache creek casino menuBut whether those flirtations result in credible offers for the iconic venue remains to be seen. But whether those flirtations result in credible offers for the iconic venue remains to be seen. “As I say, there are a lot of wing and a prayer kind of offers that we have gotten. brian christopher slots 2021 foxwoods resort casino directionsencore casino ageFirst and foremost, Penn National’s financial position is improving, indicating there’s little near- to medium-term risk that the operator will be pinched by its obligations on the venue.Second, the coronavirus pandemic is resulting in depressed pricing on gaming real estate. Third, there’s the lack of legitimate offers.“So, there’s been a lot of activity, but time santa ana casino bernalillo nmwill tell. “I mean, there’s a lot of tire kickers, not necessarily a lot of check writers. free casino slot play games no downloadBut it’s taking a pragmatic approach to making a deal.We had more than 18 non-disclosure agreements out,” said GLP CEO Peter Carlino on a conference call with analysts and investors earlier this week. Third, there’s the lack of legitimate offers.“So, there’s been a lot of activity, but time santa ana casino bernalillo nmwill tell. We’re not overly focused on M&A, particularly here in Las Vegas,” he said. gta 5 casino blackjack guide 007 online casinoyoutube slots brian christopherSeveral of the country’s largest gaming companies heeded the call. Downtown Chicago is 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. But they’re much too volatile for our case.”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 whether those flirtations result in credible offers for the iconic venue remains to be seen. paragon casino kid quest roulette casino a vendre d occasion |