sunset station casino gymThe VIP Mobility cashless gaming app is shown at the Viejas Casino and Resort in Alpine, Calif.Over the past year, shares of the two gaming REITs are up an average of 46 percent.For example, Caesars Palace owner VICI has rent escalators in its tenant contracts which are tied to the Consumer Price Index (CPI).poker winning hand76 percent returned by the MSCI US Investable Market Real Estate 25/50 Index, a widely followed basket of real estate equities.Good Times for Gaming REITsThere are three publicly traded gaming REITs in the US – Gaming and Leisure Properties, Inc.In the case of MGP, that real estate company is levered to recovery on the Las Vegas Strip, because it owns the bulk of MGM’s real estate there.soaring eagle casino golf course

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chukchansi casino slots”The report comes at a time when cashless is becoming king across the pond.Last year, during the COVID-19 pandemic, cards accounted for more than half of the payments.The VIP Mobility cashless gaming app is shown at the Viejas Casino and Resort in Alpine, Calif.hard rock casino californiaThat move is broadly applauded by analysts, as it will help the real estate firm gain greater autonomy.In the case of MGP, that real estate company is levered to recovery on the Las Vegas Strip, because it owns the bulk of MGM’s real estate there.This structure is common in commercial real estate, and the tenant, say MGM Resorts International (NYSE:MGM), pays for all the property maintenance as if it owned it outright.kansas star casino reopening

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river spirit casino valetA recent study by the UK Gambling Commission found that most British gamblers surveyed do not want to use a cashless app for their gaming play.(Image: Viejas Casino and Resort)The survey found that 79 percent of bettors believe using cash allows them to “feel in control” of how much they risk.That gauge is on a torrid pace of late, soaring in April and May.“Preference for cashless skews to younger gamblers, moderate-risk gamblers, and problem gamblers.For example, Caesars Palace owner VICI has rent escalators in its tenant contracts which are tied to the Consumer Price Index (CPI).The concern for now, though, is that most bettors surveyed did not care for gaming companies to have that level of access.libertyslots.eu