Harrah´s Reno to be sold for $50 million, turned into non-gaming property
(WorldNews Business)

Caesars Entertainment and VICI Properties Inc. announced Wednesday they have signed an agreement to sell Harrah´s Reno Hotel and Casino to an affiliate of CAI Investments for $50 million. Proceeds of the transaction will be split 75% to VICI and 25% to Caesars, while annual rent payments under the lease between Caesars and VICI will remain unchanged (Caesars leases Harrah´s from VICI Properties). `We recognize the long...