The announcement of the sale of the Baton Rouge, Louisiana-based riverboat on December 1 continues Reno-based Caesars’ ongoing divestment of properties in the wake of its $17.3bn merger with Eldorado Resorts Inc. (GLPI) keeps the real estate for the Belle, with rent payments to GLPI remaining unchanged. Under the reworked lease agreement, Wyoming-based real estate investment trust Gaming and Leisure Properties Inc. Financial details of the sale were not disclosed.
Subject to regulatory compliance and other routine closing conditions, the transaction’s expected date of completion will be mid-2021.
Transaction’s expected date of completion will be mid-2021
Louis, Illinois, and Casino Queen Marquette in Iowa. has announced the sale of the Belle of Baton Rouge riverboat hotel-casino to CQ Holding Company Inc., the Midwest-based business that operates DraftKings at Casino Queen in East St.
