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2024.07.17
harrah s cherokee casino knoxville tn(Image: Las Vegas Review-Journal)As it stands today, Gaming and Leisure Properties (NASDAQ:GLPI) owns the property. 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. Those aren’t going to fly. black oak casino seven sisters30, excluding stakes in MGM China and MGM Growth Properties.Not Focusing on M&AWhile consolidation is brisk in the gaming industry these days and Strip venues are up for sale, presumably at lower prices than were available pre-pandemic, Hornbuckle said acquisitions aren’t a priority for the company today.“And look, we’ll be opportunistic. But 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. Tropicana Las Vegas, seen here. captain jack casino coupon santa ana star casino in albuquerquered stag casino downloadDowntown Chicago is seen here. Several of the country’s largest gaming companies heeded the call. “As I say, there are a lot of wing and a prayer kind of offers that we have gotten. lucky creek online casino codeWe’re not overly focused on M&A, particularly here in Las Vegas,” he said. (Image: AP)MGM Resorts, Wynn Resorts, Hard Rock Intsanta ana casino bernalillo nmernational, and Chicago-based Rush Street Gaming are among the casino operators that replied to the RFI. Several well-known casino brands have told Chicago officials what they would seek in building a resort in the Windy City. peppermill casino scene free casino slots 100 lionsboomtown casino loginBut 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. “Love those assets. in domestic liquidity as of Sept. We’ll see,” said Carlino. Tropicana Las Vegas, seen here. Several of the country’s largest gaming companies heeded the call. sunset station casino henderson nevada island resort and casino waterpark |