2024.07.17
paragon casino upcoming eventsThere’s ample interest among potential buyers for the Tropicana Las Vegas. We’re not overly focused on M&A, particularly here in Las Vegas,” he said. There’s ample interest among potential buyers for the Tropicana Las Vegas. slot machine casino centerpiecesBut 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 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 bovada online casino iphoneaffairs 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. online casino illinois caesar casino free downloadblack hawk casino in coloradoFirst 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. 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. 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. is borgata casino smoke freeBut whether those flirtations result in credible offers for the iconic venue remains to be seen. But whether those flirtations result in credible offers for the iconic venue remains to be seen. There’s ample interest among potential buyers for the Tropicana Las Vegas. w casino free slots gold coast casino table minimumsno deposit bonus casino europe(Image: Las Vegas Review-Journal)As it stands today, Gaming and Leisure Properties (NASDAQ:GLPI) owns the property. to GLP for 7.5 million in lease credits.Since then, GLP confirmed it’s open to selling Tropicana. But whether those flirtations result in credible offers for the iconic venue remains to be seen. 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. to GLP for 7.5 million in lease credits.Since then, GLP confirmed it’s open to selling Tropicana. “I mean, there’s a lot of tire kickers, not necessarily a lot of check writers. choctaw casino idabel colorado casino table games open |