2024.07.12
peppermill casino west wendover nevadaOnly 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. Penn National Gaming (NASDAQ:PENN) operates the venue, including the casino and hotel. 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. casino golden palace jeuxSeveral of the country’s largest gaming companies heeded the call. 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.santa ana casino comedy club wild horse pab casino opening datethe wynn las vegas casinoBut 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. But there will be other opportunities that the market presents to us that we’ll have to take a sincere look at. 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. caesar casino johannesburgBut whether those flirtations result in credible offers for the iconic venue remains to be seen. Third, there’s the lack of legitimate offers.“So, there’s been a lot of activity, but time aliante casino promotionswill tell. Third, there’s the lack of legitimate offers.“So, there’s been a lot of activity, but time aliante casino promotionswill tell. el.dorado casino reno live draw mgm casino 4ddoubleu casino free slotsBut 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. “Love those assets. 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 think we own enough of Las Vegas to be open about it. 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. 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. club player casino online seven feathers casino pet policy |