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Penn National Gaming acquires Louisiana’s Margaritaville Resort Casino

20th June 2018 8:43 am GMT

US casino and racing operator Penn National Gaming has signed a deal to acquire Louisiana's Margaritaville Resort Casino for USD$115m.

The New York-listed company has entered into a definitive agreement to acquire the Bossier City-based operations in a cash transaction, which is expected to be immediately accretive to operating results upon closing.

Penn National has also agreed to enter into a triple net lease agreement with VICI Properties for the Margaritaville facility. The lease will have an [...]

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