harrah's louisiana downs louisiana casino racing

It was closed last week because of Hurricane Laura and has since reopened.Ĭaesars’ shares closed down 2.2 percent to $47.62 on the Nasdaq on Thursday, while the Nasdaq Composite tumbled 598.34 points, or 5 percent. Harrah’s Louisiana Downs is a “racino” - a property with both a casino and a racetrack - and has roughly 12,000 square feet of casino floor space, according to a 2019 filing with the U.S. The sale is set to close by the end of the year or early 2021 and is subject to regulatory approvals.Ĭaesars is also expected to sell at least one Strip asset in the coming months. The annual base rent payments under the two companies’ regional master lease will not change.Īfter the deal closes, Caesars will operate 51 properties in 16 states. The joint transaction also includes Vici Properties Inc., a real estate investment trust tied to Caesars that acts as a landlord to the property.Īccording to a news release, $5.5 million of the proceeds from the transaction will go to Vici and $16.5 million will go to Caesars. On Thursday, the Reno-based casino operating company announced that it had agreed to sell Harrah’s Louisiana Downs casino in Bossier City to Rubico Acquisition Corp. Baskow/Las Vegas Review-Journal) Entertainment Inc. Guests play craps at Harrah's with social distancing as they are open for business again following the coronavirus pandemic temporary closings on Friday, Jin Las Vegas.

Harrah's louisiana downs louisiana casino racing