santa ana pueblo casino“I mean, there’s a lot of tire kickers, not necessarily a lot of check writers. But he added that MGM isn’t looking to buy those venues.in domestic liquidity as of Sept. pechanga casino vietnamese showBut 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. 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. hollywood casino amphitheater

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free slot machines with nudges and holdsBut there will be other opportunities that the market presents to us that we’ll have to take a sincere look at. It’s still for sale, but owner GLP isn’t in a rush to sell. (Image: Las Vegas Review-Journal)As it stands today, Gaming and Leisure Properties (NASDAQ:GLPI) owns the property. resorts casino gymThat scenario came about following a trsanta ana casino bernalillo nmansaction earlier this year. in domestic liquidity as of Sept. 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. cache creek casino harvest buffet

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foxwoods online facebookThen, Penn, strapped for cash at the time, unloaded Tropicana’s real estate and the ground lease of an asset in Morgantown, Pa. Several well-known casino brands have told Chicago officials what they would seek in building a resort in the Windy City. 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. There’s ample interest among potential buyers for the Tropicana Las Vegas. “As I say, there are a lot of wing and a prayer kind of offers that we have gotten. 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. harrah s casino san diego