jackson rancheria casino gift shopThe Atlantic City gaming property announced this morning that Glebocki has resigned, and her departure is effective immediately. Terry Glebocki is no longer the chief executive of Ocean Casino Resort in Atlantic City. 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. chumba casino best gameOne 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.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. The Atlantic City gaming property announced this morning that Glebocki has resigned, and her departure is effective immediately. draftkings casino best slots reddit

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borgata casino gift cards(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. (Image: News.Com.Au)That rumor surfaced prior to today’s tumble in shares of the Australian casino operator amid allegations that it facilitated money laundering at its Sydney and Gold Coast. 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. free slots unicornThrough 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. 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. 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. online casino 9winz

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brian christopher slots actorThe gaming industry veteran announced her surprise resignation earlier today, October 11. Sale-leaseback deals, or SLBs, are commonplace in the industry, and often viewed as win-wins for casino operators and real estate companies. 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. 22.Ocean Casino Resort CEO Terry Glebocki has left the boardwalk building. 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. online casino xb777