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black oak casino concerts 2020(Image: Scarlet Pearl)Citing labor shortages, transportation troubles, high demand, and rising prices, casinos in Biloxi, Gulfport, D’Iberville, and Bay St. The lease will have an initial total annual rent of 0.0 million, inclusive of MGP’s pending acquisition of MGM Springfield, and an initial term of 25 years, with three 10-year tenant renewal options,” according to a statement.The deal is expected to close in the first half of 2022. Following completion of the MGP transaction, VICI’s largest tenant will account for 41 percent of rental income.VICI adds the deal will be immediately accretive to acquire funds from operations (AFFO) — a metric investors use to assess the financial health of real estate companies.Field of Gaming REITs Getting SmallerAssuming the VICI/MGP marriage is consummated, there will be just two publicly traded gaming REITs in the US, with Gaming and Leisure Properties, Inc. downstream casino springfield moCurrently, properties operated by Caesars Entertainment account for 84 percent of the REIT’s rent base.  unit of MGP it owns, and 12 million units “in a newly formed operating partnership of VICI Properties.” That one percent stake is worth approximately 0 million.Simultaneous with the closing of the transaction, VICI Properties will enter into an amended and restated triple-net master lease with MGM Resorts. While it’s the owner of the Caesars Palace, prior to this year it generated less than a third of its revenue in Las Vegas.That’s slated to change in dramatic fashion. brian christopher slots group

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