πŸ€‘ JACK Entertainment announces $ million sale/leaseback deal with VICI Properties - sk-privet.ru

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Dan Gilbert's JACK Entertainment closed on the Cincinnati casino sale to Hard Rock International and VICI Properties for $ million on.


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Detroit-based JACK Entertainment LLC sold the , square-foot property on 22 acres to Hard Rock International and VICI Properties Inc. in a.


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Rich Exner , data analysis editor for cleveland. The same partnership opened the Cincinnati Horseshoe Casino a year later in March In addition to expansion under multiple pending deals, VICI now owns 24 gaming properties operated under different brands:. By Rich Exner, cleveland.{/INSERTKEYS}{/PARAGRAPH} Community Rules apply to all content you upload or otherwise submit to this site. Ad Choices. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. Its holdings include the famous Caesars Palace in Las Vegas. {PARAGRAPH}{INSERTKEYS}Rich Exner, cleveland. VICI now owns 24 properties operating under various names across the country, with several other acquisitions pending. We will continue to invest significant capital into these properties which will have a lasting positive impact on the city and Cuyahoga County. A lot of that has to do with the interest of Wall Street to invest in real estate right now. Note to readers: if you purchase something through one of our affiliate links we may earn a commission. Find data-related stories at cleveland. Mark Dunkeson, chief executive officer of JACK Entertainment, in a statement, said: "The combined efforts of our gaming properties together with the other Cleveland assets operated by our sister companies including the Cavs, Avenue Shops at Tower City and the May Company Building, have created a strong connection to the city and allows us to remain heavily committed to the Cleveland area. It initially operated under the Horseshoe name. Real estate trusts are buying casinos and racinos, and then leasing the operations to others to run the businesses. Follow on Twitter RichExner. Follow casino coverage at cleveland. All rights reserved About Us. The same type of real estate investment trust deal took place last year at Northfield Park, located between Cleveland and Akron.