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Tag Archives: sale and lease back

Canada – Gateway completes sale and lease back of three casinos

Canadian operator Gateway Casinos & Entertainment has completed the sale and leaseback of real estate properties in the Greater Vancouver Regional District, including the Grand Villa Casino Burnaby, Starlight Casino New Westminster and Cascades Casino Langley. Total proceeds from the transaction exceeded $500m, with net proceeds to Gateway estimated to be approximately $483m. Through its…