🍒 JACK Cleveland Casino, Thistledown Sold For $ Million | Cleveland, OH Patch

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Properties Inc. to Acquire JACK Cleveland Casino and JACK Thistledown Racino in Sale Leaseback Transaction With JACK Entertainment.


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In April, JACK Entertainment and VICI Properties announced a $ million agreement for JACK to sell its Cincinnati casino along with Turfway.


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JACK Cleveland Casino opened in May in the historic Higbee Casino, JACK Thistledown Racino in $M Sale-Leaseback Deal.


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JACK Entertainment LLC has sold JACK Cleveland Casino and JACK Thistledown Racino to VICI Properties, a real-estate investment trust.


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JACK Entertainment LLC has sold JACK Cleveland Casino and JACK Thistledown Racino to VICI Properties, a real-estate investment trust.


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JACK Cleveland Casino opened in May in the historic Higbee Casino, JACK Thistledown Racino in $M Sale-Leaseback Deal.


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In April, JACK Entertainment and VICI Properties announced a $ million agreement for JACK to sell its Cincinnati casino along with Turfway.


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CLEVELAND — JACK Cleveland Casino and JACK Thistledown Racino will be sold in an $ million deal. VICI Properties, a real estate trust.


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Vici Properties Inc. agreed to buy the real estate assets of Jack Cleveland Casino and the nearby Jack Thistledown Racino for about $


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Jack's Casino -- Cleveland Ohio

The property is connected to the key Ritz-Carlton and key Renaissance hotels in downtown Cleveland. Its properties are leased to industry leading gaming and hospitality operators, including Caesars Entertainment Corporation, Penn National Gaming and Hard Rock International. The property features approximately 96, square feet of gaming space, 1, gaming machines, over table games and eight food and beverage outlets. The transaction is subject to regulatory approvals and customary closing conditions and is expected to close in early The acquisition is expected to be accretive immediately upon closing. About VICI Properties VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. Chudoba icrinc. Importantly, we will not issue additional equity to finance the transaction as we prudently secured our equity funding requirements through our successful June equity offering. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the federal securities laws. The property is situated on acres and features approximately 57, square feet of gaming space, 1, gaming machines and six food and beverage outlets. Log In Sign Up.{/INSERTKEYS}{/PARAGRAPH} The Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as may be required by applicable law. VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. Accordingly, we anticipate closing our remaining pending transactions, including our previously announced transactions with Century Casinos, Inc. {PARAGRAPH}{INSERTKEYS}Simultaneous with the closing of the transaction, the Company will enter into a master triple-net lease agreement with JACK Entertainment related to the assets. This press release contains forward-looking statements within the meaning of the federal securities laws. Contacts Investors: Investors viciproperties. Investors: Investors viciproperties. Media: PR viciproperties. Denning icrinc. Ohio continues to be one of the healthiest and fastest growing regional gaming markets and we are thrilled to add high-quality, urban real estate to our portfolio at an attractive capitalization rate. For additional information, please visit www. All statements other than statements of historical fact are forward-looking statements. The rent coverage ratio at closing is expected to be approximately 1.