Tag: make money casino
Illinois sports betting handle settles under $600m for September
Yesterday, the Illinois Gaming Board reported that the state’s betting handle for September reached just over $596 million. This number was a solid number but fell short of the state’s record handle month of March when over $633 million in bets were generated. With the monthly totals now in, along with a few other states, the US has now seen over $5 billion wagered within one month, a new milestone for the nation.
With the large September bet total, Illinois is now the 4th state in the country to go over the $6 billion mark in the betting handle. The only other states t…
VICI Properties acquires Foundation Gaming’s properties for $293 million with 8.3% capitalization rate
Real estate investment trust, VICI Properties Inc., has purchased the real estate assets of the Fitz Casino & Hotel (“Fitz”), located in Tunica, Mississippi, and the WaterView Casino & Hotel (“WaterView”), located in Vicksburg, Mississippi, from Foundation Gaming & Entertainment, LLC, a casino-entertainment company for a total purchase price of $293.4 million. The transaction has been made in cash.
As part of the deal, subsidiaries of Foundation Gaming have agreed on a triple-net master lease agreement for assets. The Foundation master lease has an initial annual r…