Oklahoma’s attorney general is beginning casino gambling negotiations with more than two dozen tribal nations, but the sides remain locked in a stalemate over whether the existing gaming compacts automatically renew at the end of the year.
Attorney General Mike Hunter described Monday’s two-hour, closed-door meeting at the Citizen Potawatomi Nation’s Grand Casino Hotel & Resort as “positive and constructive,” but offered few details about the stalemate.
Oklahoma’s new Republican Gov. Kevin Stitt has taken the position that the 15-year gaming compacts expire at the end of the year and wants to renegotiate the terms to give the state a larger share of casino revenue. The 35 tribal nations with gaming compacts are unified in their position that the agreements automatically renew after Jan. 1.
SugarHouse now Rivers
Same casino, different name.
SugarHouse Casino, the only one within the city limits of Philadelphia, has become Rivers Casino Philadelphia.
SugarHouse, which has been in operation since 2010, joins the other Rivers properties run by Rush Street Gaming in Pittsburgh, Schenectady, N.Y. and Des Plaines, Ill. To operate under the Rivers brand.
JACK sells, leases back
Cleveland-based JACK Entertainment announced Monday an $843 million sale/leaseback deal with VICI Properties real estate trust for JACK’s downtown Cleveland casino and suburban Thistledown Racino.
According to Cleveland.com, the rental agreement with JACK calls for an initial payment of $65.9 million a year for 15 years and includes four five-year tenant renewal options. Both properties will continue to operate under the JACK name.
VICI Properties’ portfolio consists of 24 gaming facilities leased to such names as Caesars Entertainment, Penn National Gaming and Hard Rock International.