Is MGM’s REIT Ready For A VICI Properties Take Over?

Is MGM’s REIT Ready For A VICI Properties Take Over? Will MGM Casino Merge With Caesars? MGM Resorts and Caesars may be in a ‘cold war’. It is easy to know who owns what regarding casinos. But there are some difficult things. It is rather difficult to know who owns what when it comes to them. It is evident that the two gaming companies have the power. They have the ability, and they are using their abilities. Thanks to their operators, they have resources. It is through these resources the companies have assets.

Is MGM’s REIT The Reason For The Potential Caesars Merger?

Now here is where the challenge starts. Who owns what and who wants to control whose? Perhaps, the biggest question is why take control? Although it is difficult, the thing is in the public domain. MGM is making an announcement. Through the CEO Jim Murren , the casino conglomerate says it wants full procession. Jim says that his company wants to take over Caesars.

Caesars Entertainment

The CEO says his company wants to assume control of VICI Properties. Remember that VICI Properties is a trust that owns Caesars Entertainment. This announcement is creating row between the two companies. Even their competitors are not happy.

MGM Growth Properties

Looking for examples is good. MGM Growth Properties is a real investment trust. It is MGM’s. In essence, MGP is proposing to take over the ownership of VICI Properties. Do not forget that it is VICI Properties that own Caesars Entertainment. There is another crucial fact that you must know. Caesars Entertainment comprises many assets. Among the assets are the 20 Caesars casinos. What does this tell you? Besides, there are buildings of these 20 casinos. You also need to put in hotels, rooms, restaurant and all the retail spaces. Moreover, the significant assets here are the lands on which these properties sit.

MGP controls a dozen of MGM properties

Currently, MGP controls a dozen of MGM properties. If the deal goes through, it will also control VICI Properties. Also, this will add to the bag a heavy but profitable load. What is more, MGP wants 100 percent control of VICI Properties. Already, MGP is saying that it will take up the share at the cost of $19.50 each. If this works in favor of MGP, then it will mean that VICI will remain with only 43 percent. This percentage is combined.

Reaching Out To VICI

Representatives of MGP say that they are reaching out to VICI. They point out that they did so in December last year. But they say that the plan now is to do it even more. Last week, VICI Properties gave a statement. The message comes out through their executives. The statement reads, “We’ve elected not to engage in meaningful discussions.”

More Articles That May Interest You:

· Practical Ways To Help Bitcoin Stay Afloat Despite Wild Reputation.

· Latest Bitcoin Casinos Online That Are Accepting USA Players.

· Find Local Casinos Near Me In The United States Of America.

· Caesars Empire Slots.

· Gambling With Bitcoin Has Gotten Easier For USA Bettors.

· mBit USA Bitcoin Casino Reviews & Bonuses.

So, Will MGM Casino Merge With Caesars?

On January 5, 2017, MGM Resorts CEO Jim Murren writes VICI Properties a letter. The aim is to ask the properties’ executives to reconsider their stand. Murren is yet to get the feedback.

VICI Properties comes into picture during the days of Caesars bankruptcy. Also, this is the time this investment plan forms. The aim is to salvage the falling Caesars. Hitherto, VICI Properties is under the control of creditors. Caesars is yet to pay these creditors. So, when MGM makes such a move, there are many things to check.

Previous News Article: Louisiana Riverboat Casinos Inches Closer To Ashore Thanks To Task Force Recommendation

Tagged with: Casinos • Gambling Sites • USA