4 Kings Slots Casino No Deposit Bonus more from one of its joint venture partners. cliff castle casino blackjack Caesars’ Horseshoe Baltimore. cashman casino level 70 Betrivers Casino Pa Wrir 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. play casino slots online for real money 777spinslot.com twin river casino management Harrah S Cherokee Casino Check In Time Mlac 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. wynn casino las vegas poker tournaments Beyond that, details in the statement are scant. royal ace casino 25 free spins 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. ks star casino events 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 tmorongo casino reddito high disposable income and a devoted fan base. Other operators have looked to increase Maryland exposure in advance of sports betting launching there. slot machine casino payouts For example, Penn National Gaming (NASDAQ:PENN) acquired the operating rights of the Hollywood Casino Perryville from Gaming and Leisure Properties (GLPI) last December. riverwind casino craps 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). But that’s just speculation at this point. 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.

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