Tag Archives: Vici Properties

Penn unites with Vici for $376m Margaritaville acquisition

SBC News Penn unites with Vici for $376m Margaritaville acquisition

Penn National Gaming and Vici Properties have confirmed the $376m purchase of Louisiana’s Margaritaville Resort Casino. Vici secured the land and real estate assets of the property for $261m, while Penn purchased the operating assets of Margaritaville for $115m. Alongside the closing of this transaction, Penn National entered into a triple-net lease agreement with the company. The lease has an …

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