no deposit online casino bonus codesFirst 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. “We think we own enough of Las Vegas to be open about it. 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. intertops casino red instant playBut 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. “I mean, there’s a lot of tire kickers, not necessarily a lot of check writers. That scenario came about following a trsanta ana casino bernalillo nmansaction earlier this year. riverwind casino owner

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red stag casino ndb codesBut for now, we just love the safety and security of the liquidity.”Hornbuckle noted that it’d be a positive if Las Vegas Sands (NYSE:LVS) disposes of its Nevada assets at the rumored billion price point, particularly if a less-able competitor enters the market. One 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. in domestic liquidity as of Sept. casino extreme new player30, 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 whether those flirtations result in credible offers for the iconic venue remains to be seen. 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. online blackjack dealer school

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