Hollywood Casino 99 Hops House more from one of its joint venture partners. Caesars’ Horseshoe Baltimore. Error Code: 521 Hiir The company is upping its stake in the Maryland venue. z poker games (Image: Baltimore Sun)The Nevada-based gaming giant made the announcement after the close of US markets today. resorts casino bonus code 2020 Financial terms of the deal weren’t disclosed. As a result of this transaction, Caesars now owns 76 percent of Horseshoe Baltimore and will consolidate the results of the property on Caesars’ financial statements,” according to a statement issued by the operator.

Beyond that, details in the statement are scant. In addition to not divulging what it paid for the stake, Caesars doesn’t say from which of its minority partners it acquired the interest. Other members of the ownership include CVPR Gaming Holdings, LLC, Jack Entertainment, STRON-MD Limited Partnership and PRT TWO, LLC. Interesting Timing for Horseshoe Baltimore DealIn what’s likely a coincidence, Caesars announced the plan to up its stake in Horseshoe Baltimore seven years to the day that the 2 million venue opened. Though the company didn’t comment on this point in the sparse statement, it’s possible Caesars is looking to gain more control of the Maryland venue as it angles for a sports wagering license in the state. While launching regulated sports betting prior to the start of the 2021 NFL season next month appears unlikely because of bureaucratic delays that recently emerged, Maryland is still a coveted sports betting market for operators, owing tcasino k co high disposable income and a devoted fan base. foxwoods resort casino restaurants

Key Insights and Expert Analysis

Other operators have looked to increase Maryland exposure in advance of sports betting launching there. brian christopher slots tonight For example, Penn National Gaming (NASDAQ:PENN) acquired the operating rights of the Hollywood Casino Perryville from Gaming and Leisure Properties (GLPI) last December. Caesars is making clear it intends to be a major player in the booming iGaming and sports betting industries, and it’s possible the increased position in Horseshoe Baltimore meshes with that plan. cache creek casino bus san jose Another PossibilityIt’s also possible that Caesars is boosting its Horseshoe Baltimore stake to ready a sale of the property assets to VICI Properties (NYSE:VICI). But that’s just speculation at this point. sycuan casino directions X Men Slots Free Gacm Switzerland What isn’t up for debate is that when the company known as Eldorado Resorts announced plans to acquire “old Caesars” in June 2019, it struck various agreements with the real estate firm, one of which is that VICI gets rights of first refusal for a sale-leaseback transaction on Horseshoe Casino Baltimore.

The more of the venue Caesars owns, the greater the economics accrued to the company in a sale of the real estate. mgm casino washington dc hours caesar casino in las vegas The casino operator didn’t say if it’s pursuing 100 percent of the Maryland venue. no deposit black lotus casino Warning of another storm on its way, Louisiana Gov. John Bel Edwards (D) toured Lake Charles on Thursday, reviewing recovery efforts one year after Hurricane Laura battered the city. Take 2 Hollywood Casino Txhw The deadly hurricane last August damaged homes and businesscasino k ces, including casinos. lake tahoe casino jobs This television graphic shows the anticipated path of a major storm this week.

The storm began as a tropical depression, but is expected to become a hurricane. las atlantis casino bonus codes 2020 the mgm casino (Image: KHOU-TV)Edwards said the state is making an appeal to Washington, D. sloty casino C. Paragon Casino Com Ubjd , for billion in needs remaining from Hurricane Laura, according to KLFY-TV. Edwards said federal money might be available for the state next month. cool cat casino bonus codes august 2021 He toured Lake Charles, a city in southwestern Louisiana, with FEMA administrator Deanne Criswell, according to The Advocate newspaper.

Hurricane Laura’s one-year anniversary comes as another turbulent storm is forming in the Caribbean. nearest riverboat casino This storm, known in its early stages as Tropical Depression Nine, is expected to develop into a hurricane as it churns northward into the Gulf of Mexico. Early tracking models show it could hit the South Louisiana coastline near Lafayette on Sunday or Monday. casino golden palace jeu en ligne At a news conference on