GLPI, which leases real estate to casino operators, will pay $1.21 billion, excluding taxes and expenses, for substantially all of Tropicana's real estate and enter into a master lease with an initial 15-year term with Eldorado.
The deal is targeted to close during the second half of the year. (NASDAQ:GLPI) and to merge its gaming and hotel operations into Eldorado Resorts (NASDAQ:ERI) for an aggregate consideration of ~$1.85B. Tropicana plans to dispose of its Aruba property - Tropicana Aruba Resort and Casino - before the closure of the deal.
The New York investment company announced Monday the sale of Tropicana's real estate to Gaming and Leisure Properties, Inc. and merger of its gaming and hotel operations into Eldorado Resorts, Inc.
Amc Networks Cl A (AMCX) Limping -2.09% For the Week
Umb Bank N A increased its stake in Amazon Com Inc (AMZN) by 7.15% based on its latest 2017Q4 regulatory filing with the SEC. It dropped, as 51 investors sold VLO shares while 327 reduced holdings. 108 funds opened positions while 261 raised stakes.
The Company expects to fund the transaction with a combination of debt and equity, however, based on market conditions the entire transaction could be funded with debt. The acquisition is expected to be completed by the end of the year.
Icahn Enterprises, a master limited partnership, is a diversified holding company engaged in ten primary business segments: Investment, Automotive, Energy, Railcar, Gaming, Metals, Mining, Food Packaging, Real Estate and Home Fashion. (NASDAQ:PENN), the Company anticipates its pro forma ratio of Total Debt to Adjusted EBITDA will increase to no more than 5.5 times. "We are excited to work with them to successfully complete this acquisition and look forward to additional opportunities to expand our relationship in the future". Further information regarding these measures and reconciliation to GAAP may be found in Gaming & Leisure Properties, Inc.'s SEC filings on the SEC's website. GLPI expects to grow its portfolio by pursuing opportunities to acquire additional gaming facilities to lease to gaming operators. REITS don't pay federal income tax, passing earnings directly to shareholders instead.
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding our expectations of growth and diversification. When used in this press release, the terms or phrases such as "anticipates", "believes", "projects", "plans", "intends", "expects", "might", "may", "estimates", "could", "should", "would", "will likely continue", and variations of such words or similar expressions are meant to identify forward-looking statements.
Overall, Eldorado Resorts is acquiring the operating assets of seven casinos in six states, In addition to the Belle, the others include two in Nevada - the Tropicana Laughlin Hotel and Casino and the MontBleu Casino Resort & Spa in South Lake Tahoe - as well Tropicana Evansville in Indiana; Trop Casino Greenville in Mississippi; Lumière Place in Missouri; and Tropicana Casino and Resort, Atlantic City, New Jersey. There are a number of risks and uncertainties that could cause our actual results to differ materially from those expressed in the forward-looking statements which are included elsewhere in this press release. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, the planned transactions may not occur, or may vary materially from those indicated or anticipated by these forward-looking statements.
A stock that has a beta score higher than 1 means that volatility is high, while less than 1 means that volatility is low. Oppenheimer maintained Caesars Entertainment Corporation (NASDAQ: CZR ) on Tuesday, June 6 with "Buy" rating.
The front camera has other features such as Real-time HDR, Vivid Shot, Gender Recognition and AR (Augmented Reality) stickers. Oppo A3 has a 16-megapixel rear camera with LED Flash and an 8-megapixel camera for selfies and video chats.
Aevitas Wealth Management Inc. purchased a new position in shares of Accenture during the 4th quarter valued at $131,000. IL now owns 1,857 shares of the company's stock worth $227,000 after buying an additional 19 shares in the last quarter.
The increase followed a 0.1 percent drop in February, which was the third of three consecutive months of decline. A prior report showed purchases of cars and light trucks rose to a 17.4 million annual rate so far this year.
Charles Anderson decreased its stake in Facebook Inc (FB) by 33.33% based on its latest 2017Q4 regulatory filing with the SEC. Moreover, Employees Retirement Systems Of Texas has 0.02% invested in Bio-Rad Laboratories, Inc. (NYSE:BIO).
Forman, who was born Jan Tomas Forman in Czechoslovakia, died on Friday in the US after a short illness. His manager, Dennis Aspland, confirmed his death was at a hospital near his home in Warren, Conn.
Renaissance Technologies LLC acquired a new position in shares of Sprint during the fourth quarter valued at about $26,207,000. On Friday , February 2 the stock of Sprint Corporation (NYSE:S) has "Hold" rating given by KeyBanc Capital Markets.
He said that losing roughly $10,000 would hurt the schools , but "at this point (in the budgeting process), it's hard to say" how. Out of all of the teachers that I have had during my high school career, one of them stands out to me.
The Long Case For The Goodyear Tire & Rubber Company (GT)
Commonwealth Comml Bank Of Australia holds 0.02% of its capital in The Goodyear Tire & Rubber Company (NASDAQ:GT) for 59,730 shs. Moreover, Mengis Cap Management has 0.7% invested in The Goodyear Tire & Rubber Company (NASDAQ:GT) for 35,930 shares.
Western Digital Corp (WDC) Boosted at Vetr Inc
The Deroy & Devereaux Private Investment Counsel Inc holds 172,281 shares with $13.70M value, up from 122,407 last quarter. Moreover, Smithfield Tru Communication has 0.01% invested in Western Digital Corporation (NASDAQ: WDC ) for 977 shares.
Democrats outraising Republicans in US House races
Recent polls have found conflicting evidence of whether voters are gearing up to produce a wave that would favor Democrats. Still, the analysis also shows that the average Republican candidate has raised more funds than the average Democrat.