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Caesars completes sale of Harrah's Reno to CAI Investments

30 Sep 2020

(PRESS RELEASE) -- Caesars Entertainment, Inc. and VICI Properties Inc. today announced they have completed the previously disclosed transaction to sell Harrah's Reno Hotel and Casino to an affiliate of CAI Investments for $41.5 million. The proceeds of the transaction were split 75% to VICI and 25% to Caesars, while the annual rent payments under the Regional Master Lease between Caesars and VICI remain unchanged.
 
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