Louisiana Downs

Caesars Entertainment and VICI Properties Announce Sale of Harrah’s Louisiana Downs to Rubico Acquisition

Retrieved on: 
Thursday, September 3, 2020
REIT, Casino, Gaming, Commercial Building & Real Estate, Entertainment, Construction & Property, Gambling, Companies, Entertainment, Caesars Entertainment Corporation, Vici Properties, Louisiana Downs, Caesars Entertainment, Inc., Caesars Palace, Eldorado Resorts, Harrah's Metropolis, Caesars Entertainment, Inc., VICI Properties Inc.

Caesars Entertainment, Inc., (NASDAQ: CZR) (Caesars or CZR) and VICI Properties Inc. (NYSE: VICI) (VICI Properties or VICI) today announced definitive agreements to sell Harrahs Louisiana Downs Casino, Racing & Entertainment (Harrahs Louisiana Downs) to Rubico Acquisition Corp. for $22 million.

Key Points: 
  • Caesars Entertainment, Inc., (NASDAQ: CZR) (Caesars or CZR) and VICI Properties Inc. (NYSE: VICI) (VICI Properties or VICI) today announced definitive agreements to sell Harrahs Louisiana Downs Casino, Racing & Entertainment (Harrahs Louisiana Downs) to Rubico Acquisition Corp. for $22 million.
  • Caesars Entertainment, Inc. is the largest casino-entertainment company in the U.S. and one of the world's most diversified casino-entertainment providers.
  • Since its beginning in Reno, Nevada, in 1937, Caesars Entertainment has grown through development of new resorts, expansions and acquisitions.
  • VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace.

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.