2024.07.19
aliante casino and hotel las vegas nevadaIt’s still for sale, but owner GLP isn’t in a rush to sell. But he added that MGM isn’t looking to buy those venues.(Image: Las Vegas Review-Journal)As it stands today, Gaming and Leisure Properties (NASDAQ:GLPI) owns the property. does boomtown casino have a poolBut 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 foxwoods resort casino owneraffairs at the Strip venue.Affording the Luxury of PatienceFor multiple reasons, GLP doesn’t need to be hasty in unloading the Tropicana. Penn National Gaming (NASDAQ:PENN) operates the venue, including the casino and hotel. to GLP for 7.5 million in lease credits.Since then, GLP confirmed it’s open to selling Tropicana. online casinos usa real money black bear casino duluth mn hotelis oxford casino smoke freePenn National Gaming (NASDAQ:PENN) operates the venue, including the casino and hotel. 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. There’s ample interest among potential buyers for the Tropicana Las Vegas. codeshare doubledown casino facebookBut he added that MGM isn’t looking to buy those venues.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. (Image: CNBC)The Bellagio operator lost .08 a share on revenue of .13 billion during the July through September period. jackson rancheria casino human resources wild casino welcome bonusresorts casino in the catskillsIt’s still for sale, but owner GLP isn’t in a rush to sell. Analysts expected a per share loss of .06 on turnover of .30 billion. Penn National Gaming (NASDAQ:PENN) operates the venue, including the casino and hotel. But he added that MGM isn’t looking to buy those venues.That’s up from a second-quarter EBITDA loss of 4 million on sales of 1 million.The Strip, where it’s the largest operator, accounts for approximately half of MGM’s EBITDA.All About VegasIn a normal operating environment, MGM’s deep Strip exposure is a plus. (Image: CNBC)The Bellagio operator lost .08 a share on revenue of .13 billion during the July through September period. black bear lodge casino duluth mn paragon casino opening date |