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JACK Entertainment to Sell Cleveland Casino and Thistledown Racino to VICI Properties
- Client News
- October 28, 2019
Paul, Weiss is representing JACK Entertainment, a portfolio company of Rock Ventures LLC, in the sale of casino entitled land and related assets associated with JACK Cleveland Casino and JACK Thistledown Racino to experiential real estate investment trust VICI Properties Inc. for approximately $843.3 million in cash. Simultaneous with the closing of the transaction, VICI will enter into a master triple-net lease agreement with JACK Entertainment related to the assets.
The Paul, Weiss team includes, among others, corporate partners Scott Barshay, Jeffrey Marell, Mark Wlazlo, Brian Janson, Gregory Ezring and Raphael Russo and counsel Patricia Vaz de Almeida; real estate partner Peter Fisch and counsel Barry Langman; litigation partners Jaren Janghorbani and Robert Atkins; intellectual property partner Chuck Googe; environmental counsel William O’Brien; and antitrust counsel Marta Kelly.