The proceeds of the transaction were split $5.5 million to VICI and $16.5 million to Caesars, subject to customary adjustments for cash and net working capital. Rubico is currently in the process of applying for a sportsbook license for the Louisiana Downs.Ĭaesars Entertainmentand Vici Properties announced Tuesday the completion of the previously disclosed transaction to sell Harrah’s Louisiana Downs Casino, Racing & Entertainment to Rubico Acquisition Corp for $22 million. ![]() In the coming days, the property will start making the first changes, with the signage as its first goal. All Caesars' employees working at Louisiana Downs will transfer to the new ownership. ![]() The proceeds of the completed transaction to Rubico Gaming were split $5.5 to Vici and $16.5 to Caesars.
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