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Penn National Gaming to Acquire CRC Holdings and Louisiana Casino Cruises for $160 Million
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Gaming and Leisure Properties Announces Acquisition of the Real Estate Louisiana casino cruises inc Related to the Casino Queen in East St.
Gaming and Leisure Properties Announces Acquisition of the Real Estate Assets Related to the Casino Queen in East St.
NASDAQ:GLPI today announced that it has entered into an agreement to acquire the real estate assets associated with the Casino Queen in East St.
The resort, built in 2007, had approximately 1.
Gaming and Leisure Properties, Louisiana casino cruises inc />The term loan has a five year maturity at an interest rate of 7%.
The initial lease term is 15 years, with an option to renew for four successive five year terms.
The transaction is subject to and requires approval from the Illinois Gaming Board and is expected to close by the end of the first quarter of 2014.
Carlino, Chairman and CEO of Gaming and Leisure Properties, Inc.
Gaming and Leisure Properties seeks to become a consolidator of choice and a leading provider of unique financing solutions for highly levered regional gaming operators.
The Casino Queen adds a newly constructed asset with strong market share to our portfolio and further diversifies our operating partners, while strengthening our cash flow.
Further, by unlocking the value in our real estate assets, we are able to focus on efficiently operating our business in a less restrictive, asset-lite environment.
Penn continues to hold all of its other historical operations, assets and liabilities.
Following its qualification as a REIT, GLPI expects to be the first gaming-focused REIT, and expects to grow its portfolio by aggressively pursuing opportunities to acquire additional gaming facilities to lease to gaming operators, which may include Penn.
GLPI also anticipates diversifying its portfolio over time, including by acquiring properties outside the gaming industry to lease to third parties.
GLPI undertakes no obligation to publicly update or revise any forward looking statements contained or incorporated by reference herein, whether as a result of new information, future events or otherwise, except as required by law.
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Gaming and Leisure Properties Announces Acquisition of the Real Estate Assets Related to the Casino Queen in East St.
Gaming and Leisure Properties Announces Acquisition of the Real Estate Assets Related to the Casino Queen in East St.
NASDAQ:GLPI today announced that it has entered into an agreement to acquire the real estate assets associated with the Casino Queen in East St.
The resort, built in 2007, had approximately 1.
Gaming and Leisure Properties, Inc.
The term loan has a five year maturity at an interest rate of 7%.
The raceway ny lease term is 15 years, with an option to louisiana casino cruises inc for four successive five year terms.
The transaction is subject to and requires approval from the Illinois Gaming Board and is expected to close by the end of the first quarter of 2014.
Carlino, Chairman and CEO of Gaming and Leisure Properties, Inc.
Gaming and Leisure Properties seeks to become a consolidator of choice and a leading provider of unique financing solutions for highly levered regional gaming operators.
The Casino Queen adds a newly constructed asset with strong market share to our portfolio and further diversifies our operating partners, while strengthening our cash flow.
Further, by unlocking the value in our real estate assets, we are able to focus on efficiently operating our business in a less restrictive, asset-lite environment.
Penn continues to hold all of its other historical operations, assets and liabilities.
Following its qualification as a REIT, GLPI expects to be the first gaming-focused REIT, and expects to grow its portfolio by aggressively pursuing opportunities to acquire additional gaming facilities to lease to gaming operators, louisiana casino cruises inc may include Penn.
GLPI also anticipates diversifying its portfolio over time, including by acquiring properties outside the gaming industry to lease to third parties.
GLPI undertakes no obligation to publicly update or revise any forward looking statements contained or incorporated by reference herein, whether as a result of new information, future events or otherwise, except as louisiana casino cruises inc by law.
In light of these risks, uncertainties and assumptions, the forward looking events discussed in this press release may not occur.
We believe this non-GAAP performance measures may provide additional meaningful comparisons between current results and results in prior periods.
Contact Investor Relations - Gaming and Leisure Properties, Inc.
Brad Cohen T: 203-682-8211 Email: Brad.
For free confidential help call the National Problem Gambling Helpline at 1-800-522-4700.
For individual State Helpline numbers please.
© 2020 Gaming and Leisure Properties, Inc.
Use of this web site constitutes acceptance of our terms of service.

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Find Casino tokens Other Casino Collectibles Find Casino Collectibles Other Casino Collectibles Find Collectible Casino Chips Illegal Club Chips This article is about the many obsolete Louisiana used in Louisiana casinos.
All Louisiana casinos switched to paper tickets a few years ago.
In 1991, Louisiana was the fourth https://pink-stuf.com/casino/en-el-casino-se-gana-mucho-dinero.html to approve riverboat casino gambling.
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The Argosy Gaming Company sold to Penn National Gaming, Inc.
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No tokens are know from the Hollywood Casino in Baton Rouge.
The Horseshoe Casino opened July 9, 1994 by Horseshoe Entertainment of Bossier City.
The Isle of Capri was replaced by the Diamond Jacks Casino in 2006.
Renamed Boomtown Casino in 2002.
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Rose, La near New Orleans.
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Players Riverboat Casino opened April 28, 1993 at 505 N.
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The operation expanded in 1995 with the addition of a second riverboat Showboat Starpurchased from a closed casino operation on Lake Pontchartrain.
This casino never reopened.
It then operated the Isle of Capri Riverboat and Grand Palais Riverboat until Hurricane Rita struck the Lake Charles area in 2005.
Only Isle remains as of 2014.
The Flamingo closed on September 30, 1997 and moved to Shreveport, Louisiana.
River City located one block upriver from New Orleans Morial Convention Center in New Orleans, La.
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A week after opening the temporary casino closed due to a flood and construction of the permanent facility suspended in November 1995 and all Construction works and employees working in the temporary https://pink-stuf.com/casino/planet-casino-bonus-codes-betonsoft.html were laid off.
Louisiana Indian Casinos Technically not Louisiana tokens, since the Indian Reservations are independent nation.
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Court of Appeal of Louisiana, First Circuit.
Rehearing Denied March 19, 1997.
Attorney s appearing for the Case William D.
Brantley, IV, Edward J.
Before WATKINS, KUHN and GUIDRY JJ.
Miller, filed suit on an alleged employment contract, claiming entitlement to specific benefits upon termination of his learn more here by defendant, Louisiana Casino Cruises, Inc.
LCCI operates in Baton Rouge, Louisiana, under the trade name, "Casino Rouge," and it is the owner of the riverboat and terminal by the same name.
The owners of LCCI are Jerry Bayles, Dan Meadows, Tom Meehand, and Carnival Management Company, Inc.
Bayles organized LCCI in August of 1991.
At the same time, LCCI contracted with Market Research and Issues Management, Inc.
Miller's company, for the purpose of having Dr.
Miller do consultant work on a part time basis.
Miller worked as a consultant for LCCI until June 1, 1992.
Miller's work for LCCI was pursuing gaming licenses.
The relationship between the above named individuals and companies continued until November 30, 1992, when Dr.
Miller's services and those of MRIM were terminated, pursuant to a letter signed by Mr.
Bayles on behalf of LCCI.
It is undisputed that the employment contract in its entirety was never finalized.
However, the record contains the following agreement signed by the parties on October 22, 1992.
The following are the basic terms for an employment agreement between Louisiana casino cruises inc Casino Cruises, Inc.
This should not be construed as the entire agreement but as a summary of the basic terms agreed to by the parties.
A formalized employment agreement shall follow, which will comply with Louisiana law concerning employment contracts including, but not limited to responsibilities and obligations of each party to the other party.
Agreed to this 1st day of June, 1992 by and between Louisiana Casino Cruises, hereinafter referred to as "LCCI" and Robert S.
Basic terms of this document: 1 Effective June 1, 1992, a six month automatically renewing employment contract until the acquisition of at least two speaking, caesars casino on facebook share licenses, thereafter the term will be for 24 months renewing every 24 months.
Salary to be reviewed annually based on performance, responsibilities and LCCI finances.
Stock to be made available from the corporation which holds the gaming license or in the case of the New Orleans casino either the land lease or gaming license.
All stock may be restricted stock.
SEVERANCE PAY Despite LCCI's argument to the contrary, our examination of the record does not reveal that the trial court committed manifest error in its factual finding that there was a meeting of the minds concerning the provision for severance pay Item No.
Furthermore, although the trial judge implied that the provision was ambiguous, it is apparent he meant that Item No.
Nor are we persuaded by defendant's argument that the trial court erroneously interpreted the termination provision against defendant.
The trial court merely found there was a meeting of the minds and then proceeded to decide what amount was owed.
The trial court made an award equal to six louisiana casino cruises inc pay because the term for Dr.
Miller's employment had not reached the 24-month level provided as an alternative in Item No.
Because the trial court awarded the minimum amount pursuant to Item No.
Miller claims he is entitled to the "incentive payment" provided in Item No.
We find the provision in Item No.
Miller's tenure with LCCI?
Cognizant of the principle of contract interpretation that the contract should be read against the drafter, we nevertheless believe the paramount rule of ascertaining the intent of the parties is controlling in this situation.
References in other items of the contract convince us the parties intended the "acquisition" mentioned in Item No.
Miller's employment with LCCI.
Specifically, the six month or 24-month term of employment in Item No.
Miller's right to participate in LCCI's insurance plans, pension and profit sharing program, and stock option program was contingent upon the acquisition of at least two licenses.
These emoluments of employment impliedly have reference to Dr.
Miller's responsibilities under the contract to assist LCCI in acquiring the licenses, not to LCCI's eventual acquisition of the licenses by persons and means unrelated to Dr.
Miller after his employment had ceased.
We infer from the other provisions of the contract that the parties intended for the incentive payment to be due only if the license was acquired while Dr.
Another approach to interpretation of the agreement for the incentive payment louisiana casino cruises inc Item No.
Miller's "position and specific duties" would be assigned at a later date.
This provision is a clear statement that there was never a meeting of the minds between the employer and the employee concerning Dr.
We cannot conclude there was a meeting of the minds on the ambiguous provision for the article source payment https://pink-stuf.com/casino/casino-oceans-13.html the parties never agreed on the bases for those incentives.
Accordingly, we conclude the trial court was correct in denying plaintiff's claim for the payment of cash and stock as an incentive payment.
PENALTIES AND ATTORNEY FEES The trial court denied plaintiff recovery of penalties and attorney fees pursuant to LSA-R.
The case of Boudreaux v.
Hamilton Medical Group, Inc.
There is no distinction between the "compensation on termination" in Boudreaux and the "termination provision" of Item No.
Neither qualifies as "wages" under the statute.
Plaintiff cites Thomas v.
Orleans Private Industry Council, 95-1577 La.
However, because we have concluded louisiana casino cruises inc plaintiff is not entitled to "incentive pay," the Thomas case is not on point here.
In light of the conclusions reached louisiana casino cruises inc, plaintiff is not entitled to attorney fees on appeal.
Accordingly, we affirm the trial court judgment in plaintiff's favor, and we assess the parties equally with costs of this louisiana casino cruises inc />Guidry, retired, is serving as judge pro tempore by special appointment of the Louisiana Supreme Court.
Bayles with secretarial services.
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