![]() VICI Properties COO and president John Payne talked about the company’s continuing commitment to work together with tenants to improve operations following the announcement of this sale. In a press release announcing the sale, Caesars Entertainment CEO Tony Rodio spoke about the great future that awaits the property under the stewardship of Twin River. The annual payment for base rent, as per the master lease agreed between VICI Properties and Caesars, will not change. If the sale goes through, VICI Properties will bank $19m and Caesars will receive the final $6m. Regulators must approve this sale and other closing conditions need to be met. VICI Properties will bank $19m and Caesars will receive the final $6m Caesars Entertainment and VICI Properties have agreed to sell Bally’s Atlantic City Hotel & Casino to Twin River Worldwide Holdings in an all-cash deal worth $25m.
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