2024.07.18
mountaineer casino covid updateIn July, the private equity giant announced the purchase of Aria and Vdara on the Strip, and that those venues are being leased back to MGM.Even with the recently announced sale of the Cosmopolitan to MGM, Blackstone remains one of the largest landlords on the Strip.Another Reason Blackstone/Star Partnership Makes SenseThere’s another angle to a possible Blackstone/Star collaboration. Ocean Casino Resort CEO Terry Glebocki has left the boardwalk building. Her time as CFO developing and opening the new resort ran about seven years, until the boardwalk property went bankrupt and shuttered in September of 2014.Her Atlantic City resume additionally includes stints at Tropicana Entertainment and Trump Entertainment Resorts. brian christopher slots face mask“Terry joined Ocean on the brink of bankruptcy, and is leaving the property as a leading casino resort in Atlantic City.”Future UnknownOcean Casino did not specify a reason for Glebocki’s departure. One thing is for certain, Star’s new regulatory controversy notwithstanding, analysts like the idea of the company monetizing its Sydney integrated resort.“We estimate the sale and leaseback of the Sydney casino could generate .25 a share of incremental value, assuming a 5 per cent cap ratfanduel casino sign ine, a premium to US REITs given the market position of Australian casinos,” according to a note from E&P Financial Group cited by The Australian.The latter was previously a suitor for rival Crown Resorts, which also landed in hot regulatory waters. admiral casino newcastle foxwoods hotel casino connecticutyaamava san manuel casinoPrior to her arrival, Ocean reported a gross operating loss of .5 million through the first three quarters of 2019.Luxor Capital, a New York-based hedge fund, acquired the struggling casino resort from developer Bruce Deifik in early 2019. Prior to her arrival, Ocean reported a gross operating loss of .5 million through the first three quarters of 2019.Luxor Capital, a New York-based hedge fund, acquired the struggling casino resort from developer Bruce Deifik in early 2019. Under her leadership, the casino was able to turn financially sound. poker and casinoIt paid off, as Ocean emerged the following year as the most profitable casino in town during the pandemic-stricken 2020. A few months later, it took a minority stake in a deal with MGM Growth Properties in the real estate of the MGM Grand and Mandalay Bay. A few months later, it took a minority stake in a deal with MGM Growth Properties in the real estate of the MGM Grand and Mandalay Bay. turtle creek casino open wild casino ndbcmgm grand casino northfieldA few months later, it took a minority stake in a deal with MGM Growth Properties in the real estate of the MGM Grand and Mandalay Bay. Ocean Casino Resort CEO Terry Glebocki has left the boardwalk building. “Terry joined Ocean on the brink of bankruptcy, and is leaving the property as a leading casino resort in Atlantic City.”Future UnknownOcean Casino did not specify a reason for Glebocki’s departure. We thank Terry for her service as chief executive officer since 2019 and wish her well in her future endeavors,” the release stated.Glebocki took the Ocean Casino helms in December of 2019. Ocean Casino Resort CEO Terry Glebocki has left the boardwalk building. Her time as CFO developing and opening the new resort ran about seven years, until the boardwalk property went bankrupt and shuttered in September of 2014.Her Atlantic City resume additionally includes stints at Tropicana Entertainment and Trump Entertainment Resorts. foxwoods resort casino great cedar hotel casino near me hiring |