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Monarch evaluates acquisitions, excludes igaming and targets real-estate assets

Deals & M&A

Monarch Casinos & Resorts is evaluating acquisition opportunities, chief executive John Farahi told analyst Barry Jonas in a virtual meeting, according to Jonas’s report dated 8 December. The company would consider property with annual cash flow of $150 million and leverage of up to four times cash flow, while excluding operating companies and igaming markets.

Monarch’s stated acquisition criteria may affect potential sellers and investors assessing its expansion plans.

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Deals & M&A

VICI agrees to buy Alberta casino real estate for CAD200.6m

VICI said it agreed to acquire real estate behind three Alberta casino venues and two adjacent hotels for CAD200.6m, linked to PURE’s planned buyout of Gamehost. The transaction is expected to close by mid-2026, subject to regulatory approvals and other closing conditions, and would add CAD16.1m to annual rent under VICI’s lease with PURE.

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