river spirit casino and resort in tulsa oklahoma“Love those assets. 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. “I mean, there’s a lot of tire kickers, not necessarily a lot of check writers. soaring eagle casino hotel roomsThose aren’t going to fly. “As I say, there are a lot of wing and a prayer kind of offers that we have gotten. It’s still for sale, but owner GLP isn’t in a rush to sell. paragon casino tribe

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mychoice casino promo codeThat scenario came about following a trsanta ana casino bernalillo nmansaction earlier this year. The companies were asked what sort of minimum acreage would be needed, what an ideal location would offer, how the city’s existing We’re under no pressure.”Rumors about the fate of Tropicana are about a year old, and in October 2019, some analysts speculated a sale of the venue could be worth up to 0 million. bellagio casino during covidBut 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. 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. no deposit bonus casino codes

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no deposit bonus casino australia 2020Third, there’s the lack of legitimate offers.“So, there’s been a lot of activity, but time santa ana casino bernalillo nmwill tell. “I mean, there’s a lot of tire kickers, not necessarily a lot of check writers. 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. in domestic liquidity as of Sept. 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. We’re not overly focused on M&A, particularly here in Las Vegas,” he said. bicycle casino open