2024.07.12
soaring eagle casino 18+But 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. 30, 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. 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. virgin online casino no deposit bonusBut 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. Chicago Mayor Lori Lightfoot (D) sent out a request for information (RFI) in early September for her city’s casino integrated resort. 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. free online poker with friends valley forge casino job fairriverwind casino employment(Image: Las Vegas Review-Journal)As it stands today, Gaming and Leisure Properties (NASDAQ:GLPI) owns the property. Penn National Gaming (NASDAQ:PENN) operates the venue, including the casino and hotel. Those aren’t going to fly. black bear casino shooting 2020in domestic liquidity as of Sept. (Image: Las Vegas Review-Journal)As it stands today, Gaming and Leisure Properties (NASDAQ:GLPI) owns the property. Several of the country’s largest gaming companies heeded the call. hard rock casino wheatland jamul casino in san diegoriver spirit casino mapThat 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. We’ll see,” said Carlino. There’s ample interest among potential buyers for the Tropicana Las Vegas. Penn National Gaming (NASDAQ:PENN) operates the venue, including the casino and hotel. But they’re much too volatile for our case.”“I mean, there’s a lot of tire kickers, not necessarily a lot of check writers. online casino minnesota clearwater casino update |