{"id":4603,"date":"2020-09-07T10:08:17","date_gmt":"2020-09-07T10:08:17","guid":{"rendered":"https:\/\/www.top10casinowebsites.net\/news\/?p=4603"},"modified":"2020-09-07T10:08:22","modified_gmt":"2020-09-07T10:08:22","slug":"caesars-and-vici-set-to-sell-harrahs-louisiana-downs-casino-for-22-million","status":"publish","type":"post","link":"https:\/\/www.top10casinowebsites.net\/news\/caesars-and-vici-set-to-sell-harrahs-louisiana-downs-casino-for-22-million\/","title":{"rendered":"Caesars and VICI Set To Sell Harrah\u2019s Louisiana Downs Casino For $22m"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"alignleft size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2020\/09\/harrahs-louisiana-downs.jpg\" alt=\"Harrah's Louisiana Downs\" class=\"wp-image-4604\" width=\"300\" title=\"Caesars and VICI Set To Sell Harrah\u2019s Louisiana Downs Casino For $22m\"\/><\/figure><\/div>\n\n\n\n<p>Las Vegas-based casino operator <strong>Caesars Entertainment, Inc<\/strong>. and real estate investment trust (REIT) <strong>VICI Properties<\/strong> announced that they will be selling <a href=\"https:\/\/www.caesars.com\/harrahs-louisiana-downs\">Harrah\u2019s Louisiana Downs Casino, Racing &amp; Entertainment<\/a> to <strong>Rubico Acquisition Corp.<\/strong>, in a deal worth an estimated $22 million.<\/p>\n\n\n\n<p>The proceeds from the deal will be split between Caesars ($16.5 million) and VICI ($5.5 million), with adjustments for net working capital and cash. Caesars and VICI also affirmed that the annual base rent payments from their Regional Master Lease will be unaltered.<\/p>\n\n\n\n<p>VICI is a REIT that broke away from Caesars in the fall of 2017 after Caesars\u2019 long and complicated bankruptcy process. VICI currently owns several Caesars-operated properties in the US, such as the iconic Caesars Palace, and leases their use to Caesars.<\/p>\n\n\n\n<p>Industry analysts expect the offloading of Harrah\u2019s Louisiana Downs to be concluded by early 2021. The sale is the first asset divestment undertaken by Caesars since their blockbuster $17.3 billion merger with Eldorado Resorts was finalized in late July of 2020. The merged companies took on the Caesars brand as it was more popular in the US and abroad.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Caesars to Sell Off More Properties Soon<\/strong><\/h2>\n\n\n\n<p>Caesars is also expected to offload more properties in the next few months. <a href=\"https:\/\/www.top10casinowebsites.net\/news\/three-indiana-casinos-will-be-sold-after-eldorado-caesars-merger-gets-finalized\/\">Eldorado<\/a> previously stated that they would be selling their <strong>Eldorado Resort Casino in Shreveport<\/strong> to Twin River Worldwide Holdings, in a deal that should be concluded by early 2021, with consideration to timely regulatory approvals.<\/p>\n\n\n\n<p>Once both properties are sold off, Caesars\u2019 entire gaming portfolio will be comprised of 50 properties spread out across 16 states, one of the biggest in the world.<\/p>\n\n\n\n<p>Caesars had sold off several of its assets in the months before their merger with Eldorado. In April of 2020, Caesars and Eldorado stated that they are looking to offload <strong>Eldorado\u2019s Montbleu Resort, Casino and Spa in Lake Tahoe, Nevada and Caesars\u2019 Bally\u2019s Atlantic City Hotel &amp; Casino to Twin River<\/strong>.<\/p>\n\n\n\n<p>Twin River will pay $155 million for the Eldorado properties, on top of $25 million for Bally\u2019s Atlantic City Hotel &amp; Casino.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>State Regulators Required Offloading<\/strong><\/h2>\n\n\n\n<p>Caesars\u2019 and Eldorado\u2019s spree of offloading properties was initiated by regulators from a number of states in order to prevent their merged companies from attaining a monopoly on <a href=\"https:\/\/www.top10casinowebsites.net\/new-usa-online-casinos\">gaming markets across the US<\/a>.<\/p>\n\n\n\n<p>Both companies complied, as refusing to offload some of their properties risked their license applications getting rejected due to competition rules.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Las Vegas-based casino operator Caesars Entertainment, Inc. and real estate investment trust (REIT) VICI Properties announced that they will be selling Harrah\u2019s Louisiana Downs Casino, Racing &amp; Entertainment to Rubico Acquisition Corp., in a deal worth an estimated $22 million. The proceeds from the deal will be split between Caesars ($16.5 million) and VICI ($5.5 [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,8],"tags":[],"class_list":["post-4603","post","type-post","status-publish","format-standard","hentry","category-industry","category-usa"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Caesars and VICI Set To Sell Harrah\u2019s Louisiana Downs Casino For $22m<\/title>\n<meta name=\"description\" content=\"Las Vegas-based casino operator Caesars Entertainment and VICI Properties announced that they will be selling Harrah\u2019s Louisiana Downs Casino, Racing &amp; Entertainment\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.top10casinowebsites.net\/news\/caesars-and-vici-set-to-sell-harrahs-louisiana-downs-casino-for-22-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Caesars and VICI Set To Sell Harrah\u2019s Louisiana Downs Casino For $22m\" \/>\n<meta property=\"og:description\" content=\"Las Vegas-based casino operator Caesars Entertainment and VICI Properties announced that they will be selling Harrah\u2019s Louisiana Downs Casino, Racing &amp; Entertainment\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.top10casinowebsites.net\/news\/caesars-and-vici-set-to-sell-harrahs-louisiana-downs-casino-for-22-million\/\" \/>\n<meta property=\"og:site_name\" content=\"Top 10 Casino Websites\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-07T10:08:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-09-07T10:08:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2020\/09\/harrahs-louisiana-downs.jpg\" \/>\n<meta name=\"author\" content=\"Doug Ramirez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Doug Ramirez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/caesars-and-vici-set-to-sell-harrahs-louisiana-downs-casino-for-22-million\/\",\"url\":\"https:\/\/www.top10casinowebsites.net\/news\/caesars-and-vici-set-to-sell-harrahs-louisiana-downs-casino-for-22-million\/\",\"name\":\"Caesars and VICI Set To Sell Harrah\u2019s Louisiana Downs Casino For $22m\",\"isPartOf\":{\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/caesars-and-vici-set-to-sell-harrahs-louisiana-downs-casino-for-22-million\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/caesars-and-vici-set-to-sell-harrahs-louisiana-downs-casino-for-22-million\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2020\/09\/harrahs-louisiana-downs.jpg\",\"datePublished\":\"2020-09-07T10:08:17+00:00\",\"dateModified\":\"2020-09-07T10:08:22+00:00\",\"author\":{\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/#\/schema\/person\/b1ea68d845682f6b7a3dac546ac91611\"},\"description\":\"Las Vegas-based casino operator Caesars Entertainment and VICI Properties announced that they will be selling Harrah\u2019s Louisiana Downs Casino, Racing & Entertainment\",\"breadcrumb\":{\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/caesars-and-vici-set-to-sell-harrahs-louisiana-downs-casino-for-22-million\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.top10casinowebsites.net\/news\/caesars-and-vici-set-to-sell-harrahs-louisiana-downs-casino-for-22-million\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/caesars-and-vici-set-to-sell-harrahs-louisiana-downs-casino-for-22-million\/#primaryimage\",\"url\":\"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2020\/09\/harrahs-louisiana-downs.jpg\",\"contentUrl\":\"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2020\/09\/harrahs-louisiana-downs.jpg\",\"width\":380,\"height\":250,\"caption\":\"Harrah's Louisiana Downs\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/caesars-and-vici-set-to-sell-harrahs-louisiana-downs-casino-for-22-million\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.top10casinowebsites.net\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Caesars and VICI Set To Sell Harrah\u2019s Louisiana Downs Casino For $22m\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/#website\",\"url\":\"https:\/\/www.top10casinowebsites.net\/news\/\",\"name\":\"Top 10 Casino Websites\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.top10casinowebsites.net\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/#\/schema\/person\/b1ea68d845682f6b7a3dac546ac91611\",\"name\":\"Doug Ramirez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2018\/08\/doug-ramirez.jpg\",\"contentUrl\":\"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2018\/08\/doug-ramirez.jpg\",\"caption\":\"Doug Ramirez\"},\"description\":\"Doug is our American guru, he will be keeping us informed with latest tournament news and goings on in the USA\",\"url\":\"https:\/\/www.top10casinowebsites.net\/news\/author\/doug\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Caesars and VICI Set To Sell Harrah\u2019s Louisiana Downs Casino For $22m","description":"Las Vegas-based casino operator Caesars Entertainment and VICI Properties announced that they will be selling Harrah\u2019s Louisiana Downs Casino, Racing & Entertainment","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.top10casinowebsites.net\/news\/caesars-and-vici-set-to-sell-harrahs-louisiana-downs-casino-for-22-million\/","og_locale":"en_US","og_type":"article","og_title":"Caesars and VICI Set To Sell Harrah\u2019s Louisiana Downs Casino For $22m","og_description":"Las Vegas-based casino operator Caesars Entertainment and VICI Properties announced that they will be selling Harrah\u2019s Louisiana Downs Casino, Racing & Entertainment","og_url":"https:\/\/www.top10casinowebsites.net\/news\/caesars-and-vici-set-to-sell-harrahs-louisiana-downs-casino-for-22-million\/","og_site_name":"Top 10 Casino Websites","article_published_time":"2020-09-07T10:08:17+00:00","article_modified_time":"2020-09-07T10:08:22+00:00","og_image":[{"url":"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2020\/09\/harrahs-louisiana-downs.jpg","type":"","width":"","height":""}],"author":"Doug Ramirez","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Doug Ramirez","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.top10casinowebsites.net\/news\/caesars-and-vici-set-to-sell-harrahs-louisiana-downs-casino-for-22-million\/","url":"https:\/\/www.top10casinowebsites.net\/news\/caesars-and-vici-set-to-sell-harrahs-louisiana-downs-casino-for-22-million\/","name":"Caesars and VICI Set To Sell Harrah\u2019s Louisiana Downs Casino For $22m","isPartOf":{"@id":"https:\/\/www.top10casinowebsites.net\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.top10casinowebsites.net\/news\/caesars-and-vici-set-to-sell-harrahs-louisiana-downs-casino-for-22-million\/#primaryimage"},"image":{"@id":"https:\/\/www.top10casinowebsites.net\/news\/caesars-and-vici-set-to-sell-harrahs-louisiana-downs-casino-for-22-million\/#primaryimage"},"thumbnailUrl":"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2020\/09\/harrahs-louisiana-downs.jpg","datePublished":"2020-09-07T10:08:17+00:00","dateModified":"2020-09-07T10:08:22+00:00","author":{"@id":"https:\/\/www.top10casinowebsites.net\/news\/#\/schema\/person\/b1ea68d845682f6b7a3dac546ac91611"},"description":"Las Vegas-based casino operator Caesars Entertainment and VICI Properties announced that they will be selling Harrah\u2019s Louisiana Downs Casino, Racing & Entertainment","breadcrumb":{"@id":"https:\/\/www.top10casinowebsites.net\/news\/caesars-and-vici-set-to-sell-harrahs-louisiana-downs-casino-for-22-million\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.top10casinowebsites.net\/news\/caesars-and-vici-set-to-sell-harrahs-louisiana-downs-casino-for-22-million\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.top10casinowebsites.net\/news\/caesars-and-vici-set-to-sell-harrahs-louisiana-downs-casino-for-22-million\/#primaryimage","url":"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2020\/09\/harrahs-louisiana-downs.jpg","contentUrl":"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2020\/09\/harrahs-louisiana-downs.jpg","width":380,"height":250,"caption":"Harrah's Louisiana Downs"},{"@type":"BreadcrumbList","@id":"https:\/\/www.top10casinowebsites.net\/news\/caesars-and-vici-set-to-sell-harrahs-louisiana-downs-casino-for-22-million\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.top10casinowebsites.net\/news\/"},{"@type":"ListItem","position":2,"name":"Caesars and VICI Set To Sell Harrah\u2019s Louisiana Downs Casino For $22m"}]},{"@type":"WebSite","@id":"https:\/\/www.top10casinowebsites.net\/news\/#website","url":"https:\/\/www.top10casinowebsites.net\/news\/","name":"Top 10 Casino Websites","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.top10casinowebsites.net\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.top10casinowebsites.net\/news\/#\/schema\/person\/b1ea68d845682f6b7a3dac546ac91611","name":"Doug Ramirez","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.top10casinowebsites.net\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2018\/08\/doug-ramirez.jpg","contentUrl":"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2018\/08\/doug-ramirez.jpg","caption":"Doug Ramirez"},"description":"Doug is our American guru, he will be keeping us informed with latest tournament news and goings on in the USA","url":"https:\/\/www.top10casinowebsites.net\/news\/author\/doug\/"}]}},"_links":{"self":[{"href":"https:\/\/www.top10casinowebsites.net\/news\/wp-json\/wp\/v2\/posts\/4603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.top10casinowebsites.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.top10casinowebsites.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.top10casinowebsites.net\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.top10casinowebsites.net\/news\/wp-json\/wp\/v2\/comments?post=4603"}],"version-history":[{"count":0,"href":"https:\/\/www.top10casinowebsites.net\/news\/wp-json\/wp\/v2\/posts\/4603\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.top10casinowebsites.net\/news\/wp-json\/wp\/v2\/media?parent=4603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.top10casinowebsites.net\/news\/wp-json\/wp\/v2\/categories?post=4603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.top10casinowebsites.net\/news\/wp-json\/wp\/v2\/tags?post=4603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}