2024.07.17
valley forge casino discount codeSeveral well-known casino brands have told Chicago officials what they would seek in building a resort in the Windy City. But whether those flirtations result in credible offers for the iconic venue remains to be seen. 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. oxford casino sports betting“I mean, there’s a lot of tire kickers, not necessarily a lot of check writers. We’re not overly focused on M&A, particularly here in Las Vegas,” he said. We’ll see,” said Carlino. big fish casino login is seneca niagara casino open yetcasino slot denominationsOne is a pair of Hollywood venues, one in Louisiana, and the other in Maryland.Of that roster, the REIT has just three venues in Southern Nevada, including Tropicana, and its preference is for regional markets, not the Silver State.“And I think most of you know that we’ve made the case for years, that the real safety and stability is out in the hinterlands, not on the Strip,” said Carlino. There’s ample interest among potential buyers for the Tropicana Las Vegas. 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. twin river casino open todayThose aren’t going to fly. 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. First and foremost, Penn National’s financial position is improving, indicating there’s little near- to medium-term risk that the operator will be pinched by its obligations on the venue.Second, the coronavirus pandemic is resulting in depressed pricing on gaming real estate. oxford casino online seneca niagara casino websitebig fish casino friend code s Third, there’s the lack of legitimate offers.“So, there’s been a lot of activity, but time santa ana casino bernalillo nmwill tell. Only Rush is currently operating a casino in Illinois, its Rivers Casino in Des Plaines.The RFI asked the casino heavyweights a series of questions on what their integrated resort (IR) might look like should they be awarded the lone downtown gaming license. Terrific. But he added that MGM isn’t looking to buy those venues.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. in domestic liquidity as of Sept. luckyland slots update twin river casino reopening |