Penn National Gaming
Las Vegas Commercial Real Estate Wrap-Up – March 2020
Casinos and hotels suspend operations. Tropicana Las Vegas trades for $338 million. Here is our March selection of Las Vegas must-knows.
Tropicana Las Vegas to Sell in $338M Leaseback Deal
The deal is set to provide Penn National Gaming with more liquidity during the coronavirus outbreak.
JV to Acquire Detroit Casino-Hotel for $1B
VICI Properties and Penn National Gaming entered into an agreement to purchase the Greektown Casino-Hotel, which includes 100,000 square feet of casino space and a 30-story hotel tower.
Louisiana’s Margaritaville Resort Casino to Sell for $376M
In separate transactions, VICI Properties will acquire the Bossier City, La., gaming destination’s real estate properties, while Penn National Gaming will purchase the operating assets.