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online gambling michigan“In exchange for aggregate consideration of approximately .4 billion, annual rent under the Las Vegas Master Lease has increased by .5 million.”All existing Caesars leases are being extended so that “a full 15-year initial lease term remains prior to the expiration of the initial base lease term.”Victory for VICIThe transaction forming the new Caesars — one creating the largest domestic gaming company — is a win for VICI, too. Nevada Gov. VICI Properties (NYSE:VICI) is a winner in the deal creating the new version of Caesars Entertainment (NASDAQ:CZR), with the real estate company acquiring 3 million worth of annual rent in that transaction. black hawk casino shawnee okThere’s more to VICI’s agreement with Caesars, and that could see the landlord boost its property holdings in the future.The gaming company and the REIT have a put-call agreement whereby the operator can require the real estate firm to purchase real estate assets associated with Harrah’s Hoo“In exchange for aggregate consideration of approximately .4 billion, annual rent under the Las Vegas Master Lease has increased by .5 million.”All existing Caesars leases are being extended so that “a full 15-year initial lease term remains prior to the expiration of the initial base lease term.”Victory for VICIThe transaction forming the new Caesars — one creating the largest domestic gaming company — is a win for VICI, too. But volume January through May is down 48.9 percent, a loss of more than 10.1 million travelers.The Las Vegas Convention and Visitors Authority (LVCVA) says visitor volume is down 50.6 percent this year through May. cache creek casino wiki

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