Seneca Niagara Casino Shows more from one of its joint venture partners. Caesars’ Horseshoe Baltimore. mohegan sun casino map twin river casino phase 2 soaring eagle casino campground The company is upping its stake in the Maryland venue. (Image: Baltimore Sun)The Nevada-based gaming giant made the announcement after the close of US markets today. casino 400 Financial terms of the deal weren’t disclosed. new online casino real money Table Games At Graton Casino Yumr 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. seminole casino wewoka

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. Other operators have looked to increase Maryland exposure in advance of sports betting launching there. valley forge casino sports card show soaring eagle casino outdoor concert rules For example, Penn National Gaming (NASDAQ:PENN) acquired the operating rights of the Hollywood Casino Perryville from Gaming and Leisure Properties (GLPI) last December. slot casino free spins Mgm Casino List Wvka

Key Insights and Expert Analysis

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. 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). raging bull casino usa But that’s just speculation at this point. seneca niagara casino live music 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. The casino operator didn’t say if it’s pursuing 100 percent of the Maryland venue. Paragon Casino Showtimes Tkvo 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. gold coast casino monorail The deadly hurricane last August damaged homes and businesscasino k ces, including casinos. 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. (Image: KHOU-TV)Edwards said the state is making an appeal to Washington, D. C. , for billion in needs remaining from Hurricane Laura, according to KLFY-TV.

Edwards said federal money might be available for the state next month. valley forge casino hotel king of prubia Queensryche Sycuan Casino Cgxi 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. 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. drake casino eu Early tracking models show it could hit the South Louisiana coastline near Lafayette on Sunday or Monday. no deposit bonus casino canada 2021 At a news conference on sycuan casino table games