- The flurry of casino deals continues as Caesars Entertainment (NASDAQ:CZR) and VICI Properties (NYSE:VICI) say they have completed the previously disclosed transaction to sell Harrah's Reno Hotel and Casino to an affiliate of CAI Investments for $41.5M.
- The proceeds of the transaction were split 75% to VICI and 25% to Caesars, while the annual rent payments under the Regional Master Lease between Caesars and VICI remain unchanged.
- Source: Press Release