By RSS on Monday, 28 October 2019
Category: Published News

Jack Entertainment sells Cleveland gaming properties

Vici Properties Inc. agreed to buy the real estate assets of Jack Cleveland Casino and the nearby Jack Thistledown Racino for about $843 million in cash. New York City-based real estate investment trust Vici, which spun off from Caesars Entertainment in 2017, agreed to lease back the properties to seller Jack Entertainment LLC at an initial annual rent of about $66 million, according to a statement.

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