The dominoes are falling as MGM is now being pushed publicly by real estate fund manager Land and Buildings to spin off its real estate assets into a real estate investment trust. An MGM REIT would have a dramatic impact on… Continue Reading
Canada’s rental unit landscape witnessing a resurgence
Gaming and Leisure Properties made an unsolicited offer to purchase Pinnacle Gaming’s real estate assets. Pinnacle shareholders would receive $36 per share, which is a large premium to the previous day’s closing price. I think this is a smart move… Continue Reading
It was announced recently that the Riviera would be sold to the LVCVA who plans to demolish the hotel/casino in order to build their planned global business district. A demolishion of the Riviera will mean a decrease in 2,100 hotel… Continue Reading
Developing new retail at Tropicana Las Vegas is a smart move by its owners. Many Las Vegas tourists love to shop during their stay and providing them with more retail options will help Strip property owners further diversify their revenue away… Continue Reading
Brookfield abandons plan to buy Atlantic City’s Revel Casino Brookfield bails on Revel deal, Straub says interest still high
Big news for Casino watchers was announced by Pinnacle Entertainment, as they plan to create a Real Estate Investment Trust (REIT) to separate their real estate from the operating company. Shareholders will receive REIT units in a tax-free spin-off sometime in… Continue Reading
How low have expectations for Boyd Gaming sunk when the CEO can claim on the latest earnings conference call that “This was a solid quarter for our operations” and “Growth resumed in our Nevada business, as our Las Vegas Locals and Downtown… Continue Reading
Toronto’s storied Royal York Hotel gets new owners
Lenders Facing Soaring Costs Shutting Out U.S. Homebuyers
