![]() “The sale of Bally’s Atlantic City demonstrates our ongoing commitment to work collaboratively with our tenants to optimize our individual businesses, even during these unprecedented times,” said John Payne, President and COO of VICI Properties. ![]() “We appreciate Twin River’s commitment to this property, which has a great future ahead under its stewardship.” “We look forward to the reopening of Bally’s Atlantic City as soon as appropriate once the public health emergency related to COVID-19 has passed,” said Caesars CEO Tony Rodio. The annual base rent payments under the Non-CPLV Master Lease between Caesars and VICI remain unchanged. VICI will receive approximately $19 million from the sale, while Caesars will receive approximately $6 million. (NYSE:TRWH) for approximately $25 million in cash. (“VICI” or “VICI Properties”) (NYSE: VICI) today announced they have reached an agreement to sell the Bally’s Atlantic City Hotel & Casino to Twin River Worldwide Holdings Inc. NEW YORK-( BUSINESS WIRE)-Caesars Entertainment Corporation ("Caesars" or "Caesars Entertainment") (NASDAQ:CZR) and VICI Properties Inc.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |