The annual base rent payments under the regional master lease between Caesars and VICI will remain unchanged. The proceeds of the transaction – agreed more than a year ago – were split $5.5m to Vici and $16.5m to Caesars subject to customary adjustments for cash and net working capital. Caesars Entertainment has completed the protracted sale of the Harrah’s Louisiana Downs racetrack and casino just hours after it became the first commercial casino to accept legal bets in the state.Ĭaesars and Vici Properties, a real estate investment trust spun off from Caesars in 2017, will receive a combined $22.0m from new owners Rubico Acquisition Corporation following the completion of the sale of Harrah’s Louisiana Downs Casino, Racing & Entertainment.
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