💰 JACK Entertainment Sells Cleveland Casino & Track for $M

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Vici Properties Inc. agreed to buy the real estate assets of Jack Cleveland Casino and the nearby Jack Thistledown Racino for about $


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In April, JACK Entertainment and VICI Properties announced a $ million agreement for JACK to sell its Cincinnati casino along with Turfway.


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Properties Inc. to Acquire JACK Cleveland Casino and JACK Thistledown Racino in Sale Leaseback Transaction With JACK Entertainment.


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In April, JACK Entertainment and VICI Properties announced a $ million agreement for JACK to sell its Cincinnati casino along with Turfway.


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CLEVELAND — JACK Cleveland Casino and JACK Thistledown Racino will be sold in an $ million deal. VICI Properties, a real estate trust.


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In April, JACK Entertainment and VICI Properties announced a $ million agreement for JACK to sell its Cincinnati casino along with Turfway.


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In April, JACK Entertainment and VICI Properties announced a $ million agreement for JACK to sell its Cincinnati casino along with Turfway.


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Vici Properties Inc. agreed to buy the real estate assets of the Jack Cleveland Casino and the nearby Jack Thistledown Racino for about $


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JACK Entertainment LLC has sold JACK Cleveland Casino and JACK Thistledown Racino to VICI Properties, a real-estate investment trust.


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CLEVELAND — JACK Cleveland Casino and JACK Thistledown Racino will be sold in an $ million deal. VICI Properties, a real estate trust.


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jack casino cleveland sold

The property is connected to the key Ritz-Carlton and key Renaissance hotels in downtown Cleveland. Denning icrinc. Investors: Investors viciproperties. All statements other than statements of historical fact are forward-looking statements. Its properties are leased to industry leading gaming and hospitality operators, including Caesars Entertainment Corporation, Penn National Gaming and Hard Rock International.

Simultaneous with the closing of the transaction, the Company will enter into a master triple-net lease agreement with JACK Entertainment related to the assets.

Ohio continues to be one of the healthiest and fastest growing regional gaming markets and we are thrilled jack casino cleveland sold add high-quality, urban real estate to our portfolio at an attractive capitalization rate.

Media: PR viciproperties. Accordingly, we jack casino cleveland sold closing our remaining pending transactions, including our previously announced transactions with Century Casinos, Inc. Contacts Investors: Investors viciproperties.

The property is situated on acres and features approximately 57, square feet of gaming space, 1, gaming machines and six food and beverage outlets. The transaction is subject to regulatory approvals and customary closing conditions and is expected to close in piece casino cruise ship at panjim jetty doesn't The acquisition is expected to be accretive immediately upon closing.

Importantly, we will not issue additional equity to finance the transaction as we prudently jack casino cleveland sold our equity jack casino cleveland sold this web page through our successful June equity offering.

The Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as may be required by applicable law.

About VICI Properties 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.

Forward-Looking Statements This press release contains forward-looking statements within the meaning of the federal securities laws. Chudoba icrinc. This press release contains forward-looking statements within the meaning of the federal securities laws.

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For additional information, please visit www. The rent coverage ratio at closing is expected to be approximately 1. The property features approximately 96, square feet of gaming space, 1, gaming machines, over table games and eight food and beverage outlets. 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.