Caesars completes sale of Louisiana Downs

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Caesars and Vici Properties, a real estate investment trust spun off from Caesars in 2017, will receive a combined $22.0m from new owners Rubico Acquisition Corporation following the completion of the sale of Harrah’s Louisiana Downs Casino, Racing & Entertainment.

Rubico will operate the racetrack and the 12,000-square-foot casino in Bossier City and is in the process of applying for a sports betting license. The state has a 1 January 2022 deadline for applications.

To read the full article, visit iGB North America.

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