Reit | World Casino News

Transfer of casino properties approved by Missouri Gaming Commission

March 29, 2016

Latest Casino and Gambling News, Mergers, Acquisitions & Partnerships, Missouri

In a unanimous decision on Wednesday, the Missouri Gaming Commission voted 5-0 to allow the transfer of Pinnacle Entertainment’s casino properties in Missouri to a real estate investment trust (REIT). The ca...

MGM Growth Properties files IPO; Expects to raise $100 million

Alex Lanter

March 25, 2016

Latest Casino and Gambling News, Las Vegas, Economy/Finance, Financial Press Releases

In October, 2015, MGM revealed plans of starting a real estate investment trust (REIT) called MGM Growth Properties. Several months later, in its Tuesday Securities and Exchange Commission filing, the company a...

Omnibus spending bill kept $1 billion in tax breaks, preserved casino REITs

Lars Jones

December 26, 2015

Latest Casino and Gambling News, U.S.A., Las Vegas, Casino News, Economy/Finance, Taxation, Bankruptcy, Nevada

On December 18 the House and Senate passed a $1.1 trillion omnibus tax & spending bill that averted a shutdown of the US government. President Obama signed it into law the same day. Included in the bill wer...

Union challenges Pinnacle casino sale at hearing in Indiana

K Morrison

November 14, 2015

Latest Casino and Gambling News, Casino News, Gaming Industry News, Licenses, Mergers, Acquisitions & Partnerships, Indiana

A union is opposed to the proposed sale of Pinnacle Entertainment Inc.’s casinos to Gaming & Leisure Properties Inc. and at a meeting on Thursday asked the Indiana Gaming Commission to nix the plan, on the ...

Pinnacle to sell 15 casino properties to GLPI

Lars Jones

July 25, 2015

Latest Casino and Gambling News, U.S.A., Casino News, Mergers, Acquisitions & Partnerships

On Tuesday it was announced that Real estate investment trust (REIT) Gaming and Leisure Properties Inc. (GLPI) will acquire real estate owned by Pinnacle Entertainment. The deal, consisting entirely of a stock ...

Deal in the works for Caesars unit’s restructuring

D. Graham

July 11, 2015

Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Bankruptcy, Nevada

Bloomberg reports that billionaire John Paulson, principal of the hedge-fund firm Paulson & Co, along with other junior debt holders, are discussing a deal intended to successfully augment and salvage a ban...

GLPI increases offer to acquire Pinnacle Entertainment land holdings

Sam Mitchell

July 7, 2015

Latest Casino and Gambling News, U.S.A., World Casino News, Mergers, Acquisitions & Partnerships

Gaming and Leisure Properties is a real estate investment trust that recently increased their offer to buy Pinnacle Entertainment’s land holdings. An announcement on July 7, 2015 confirms GLPI Chairman Peter Ca...

MGM Resorts requests REIT rejection

Sam Mitchell

April 14, 2015

Latest Casino and Gambling News, Casino News, Gaming Industry News

MGM Resorts International sent a letter to shareholders Monday urging shareholders to vote for company director candidates for the May 28, 2015 election and not the four proposed Land and Buildings Investment M...

Casino union employees want purchase of Pinnacle Entertainment assets stopped

Sam Mitchell

April 2, 2015

Latest Casino and Gambling News, Casino News, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation, Missouri

The union representing casino employees is asking for the Missouri Gaming Commission to step in and stop a hostile purchase of Pinnacle Entertainment Corp casino's real estate assets. The purchase offer has bee...