VICI Properties Inc. Completes Acquisition of JACK Cleveland Casino and JACK Thistledown Racino and Lease to JACK Entertainment
Retrieved on:
Friday, January 24, 2020
REIT, Casino, Gaming, General Entertainment, Entertainment, Construction & Property, Cuyahoga County, Ohio, Economy of the United States, Ohio, Jack Entertainment, Jack Thistledown Racino, Jack Cleveland Casino, Caesars Entertainment Corporation, Penn National Gaming, Hollywood Casino at Penn National Race Course, Racino, Thistledown, Louisiana Downs
Simultaneous with the closing of the transaction, the Company entered into a master triple-net lease agreement with subsidiaries of JACK Entertainment related to the assets.
Key Points:
- Simultaneous with the closing of the transaction, the Company entered into a master triple-net lease agreement with subsidiaries of JACK Entertainment related to the assets.
- JACK Cleveland Casino opened in May 2012 in the historic Higbee Building in downtown Cleveland, Ohio.
- JACK Thistledown Racino opened in April 2013 in North Randall, Ohio and is the leading thoroughbred racino in the Cleveland MSA.
- Its properties are leased to industry leading gaming and hospitality operators, including Caesars Entertainment Corporation, Century Casinos Inc., Hard Rock International, JACK Entertainment and Penn National Gaming.