🎰 Lumière Place - Wikipedia

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it has completed its acquisition of Lumiere Place Casino, HoteLumiere, ninth casino property in Tropicana's portfolio, joining the company's.


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Eldorado Resorts, owner of 4 Missouri casinos, buys Lumière Place in St. Louis. St. Louis Post-Dispatch · April 16, at pm. AddThis Sharing Buttons.


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Eldorado Resorts, owner of 4 Missouri casinos, buys Lumière Place in St. Louis as Carl Icahn cashes out. From wire and staff reports; Apr


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Lumière Place is a St. Louis, Missouri, casino and hotel resort owned and operated by Eldorado Resorts. Contents. 1 History; 2 Facility; 3 References; 4 External.


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Thank you for visiting. We currently do not have any press releases. Back to Top. Lumière Place Information.


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Lumière Place is a St. Louis, Missouri, casino and hotel resort owned and operated by Eldorado Resorts. Contents. 1 History; 2 Facility; 3 References; 4 External.


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Lumière Place Casino & Hotels is your destination for luxury & comfort, located near the Arch in downtown St. Louis. Book your stay with us today!


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Lumière Place Casino & Hotels | followers on LinkedIn | Lumière Place Eldorado Resorts is a leading casino entertainment company that owns and.


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Lumière Place Casino & Hotels | followers on LinkedIn | Lumière Place Eldorado Resorts is a leading casino entertainment company that owns and.


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Eldorado Resorts, owner of 4 Missouri casinos, buys Lumière Place in St. Louis as Carl Icahn cashes out. From wire and staff reports; Apr


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Eldorado Resorts, Inc. Tropicana owns and is required to maintain all personal property located at the leased properties in good repair and condition as is necessary to operate all the premises in compliance with applicable legal, insurance and licensing requirements. The base rent amount is the sum of:. Tropicana is required to pay for all maintenance expenditures and capital improvements, provided that GLP will have a right of first offer to finance certain capital improvement projects. IRS Employer. Amendment to Credit Agreement. Board and Mr. The information set forth under Item 1. Financial Statements and Exhibits. Under certain circumstances, after the maturity date, the Company and GLP will have an obligation to use commercially reasonable efforts to enter into a Replacement Property Transaction. Identification No. If Tropicana elects to renew the term of the Master Lease, the renewal will be effective as to all, but not less than all, of the leased property then subject to the Master Lease. Whether or not capital improvements are financed by GLP, GLP is entitled to receive Percentage Rent based on the net revenues generated by the new improvements as described above and such capital improvements are subject to the terms of the Master Lease. Supplemental Indentures. Term and renewals The Master Lease provides for the lease of land, buildings, structures and other improvements on the land including barges and riverboats , easements and similar appurtenances to the land and improvements relating to the operation of the leased properties. FORM 8-K. Carano, 66, has served as the chairman of the Board and the Chief Executive Officer of the Company and its subsidiaries since September Previously, Mr. New opportunities. The foregoing description of the Merger Agreement and the Merger is not complete and is qualified in its entirety by reference to the Merger Agreement filed as Exhibit 2. In August , Mr. The foregoing description does not purport to be complete and is qualified in its entirety by reference to Amendment Agreement No. Maintenance and capital improvements. Carano has served on a number of charitable boards and foundations in the state of Nevada. Thomas R. Assignment and subletting Except as noted below, the Master Lease provides that Tropicana may not assign or otherwise transfer any leased property or any portion of a leased property as a whole or in substantial part , including by virtue of a change of control of Tropicana, without the consent of GLP, which may not be unreasonably withheld.{/INSERTKEYS}{/PARAGRAPH} Reeg and Anthony L. Entry into a Material Definitive Agreement. Legal Officer and Secretary. Anthony L. Gaming licenses and all other assets necessary to operate the facilities that are subject to the Master Lease are held and maintained by Tropicana pursuant to the terms of the Master Lease. Quatmann, Jr. A copy of the press release is attached hereto as Exhibit The information contained in this Item 7. Rental amounts and escalators The Master Lease is commonly known as a triple net lease. The Company hereby undertakes to furnish supplemental copies of any of the omitted schedules or similar attachments upon request by the SEC; provided, however, that the Company may request confidential treatment pursuant to Rule 24b-2 of the Exchange Act for any schedules or attachments so furnished. Amendment No. Percentage rent The Master Lease has a variable percentage rent component that is adjusted every two years based on the actual net revenues of the leased properties during the two-year period then ended. Tropicana is required to provide copies of the plans and specifications in respect of all capital improvements, which shall be prepared in a high-grade professional manner and shall adequately demonstrate compliance with the foregoing with respect to permitted projects not requiring approval and shall be in such form as GLP may reasonably require for any other projects. Rental amounts and escalators. Bankruptcy Code in the U. Reeg was a senior high-yield research analyst covering various sectors, including the casino, lodging and leisure sectors, at Bank One Capital Markets. The Master Lease provides that any agreement with respect to the material debt of Tropicana or any guarantor under the Master Lease shall include a provision requiring the lenders under such agreement to provide GLP notice of any default by Tropicana or such guarantor, as applicable, under such agreement and provide GLP the opportunity to cure such default to the extent such default is curable by GLP. The Master Lease has a variable percentage rent component that is adjusted every two years based on the actual net revenues of the leased properties during the two-year period then ended. Term and renewals. Carano is Gary L. Bankruptcy Court for the District of Nevada. Such adjustment is proportionate based on the actual revenue from such terminated leased property during the twelve months prior the commencement of the Master Lease as compared to the total revenues of all properties subject to the Master Lease over the same period. Remedies for an event of default. Carano was an attorney at the Nevada law firm of McDonald Carano Wilson, LLP, where his practice was devoted primarily to transactional, gaming and regulatory law. Gary L. File Number. Events of default. In addition, GLP may avail itself on the following terms of opportunities to purchase or refinance an existing facility whether built prior to or after the date of the Master Lease within the Restricted Area:. Reeg was a member of the executive committee of Silver Legacy which is the governing body of Silver Legacy from August through August Reeg was a member of the board of managers of NGA HoldCo, LLC, which is a stockholder of the Company, from through and served on the board of directors of Autocam Corporation from to Reeg serves on the board of directors of Recreational Enterprises, Inc. From September to November , Mr. Regulation FD Disclosure. Louis RE and the. Tropicana is making the rent payment in monthly installments. The actual percentage increase is based on actual performance and may change materially. Silver Legacy emerged from its Chapter 11 reorganization proceedings in November Carano is Anthony L. Assignment and subletting. Not applicable. Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:. However, no increase in rent will occur if the Replacement Property Transaction was not consummated as a result of certain failures to perform by GLP. Carano and Anthony L. From to Mr. Master Lease. Tropicana is responsible for maintaining or causing to be maintained all licenses, certificates and permits necessary for the leased properties to comply with various gaming and other regulations. Finally, Mr. The Master Lease is commonly known as a triple net lease. Prior to joining us, Mr. A default by Tropicana with regard to any facility will cause a default with regard to the entire portfolio. Maintenance and capital improvements Tropicana is required to make all expenditures reasonably necessary to maintain the premises in good appearance, repair and condition. Use of the leased property. Tropicana is required to make all expenditures reasonably necessary to maintain the premises in good appearance, repair and condition. Base rent. Reeg, Gary L. Pursuant to the requirements of the Securities Exchange Act of , as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. The Master Lease provides for an initial term of fifteen years with no purchase option. Carano holds a B. Louis RE. State or other jurisdiction. If the Replacement Property Transaction is not consummated at the maturity date, then the amounts outstanding will be paid in full and the rent under the Master Lease will automatically increase, subject to certain escalations. The Company has commenced a search for a Mr. Reno, Nevada. Completion of Acquisition or Disposition of Assets. In connection with certain assignments, the ultimate parent company of such assignee shall also execute a guaranty and shall be required to be solvent. Except as noted below, the Master Lease provides that Tropicana may not assign or otherwise transfer any leased property or any portion of a leased property as a whole or in substantial part , including by virtue of a change of control of Tropicana, without the consent of GLP, which may not be unreasonably withheld. {PARAGRAPH}{INSERTKEYS}Washington, D. Tropicana and GLP generally are not be prohibited from developing, redeveloping, expanding, purchasing, building or operating facilities. Percentage rent. The Master Lease provides for the lease of land, buildings, structures and other improvements on the land including barges and riverboats , easements and similar appurtenances to the land and improvements relating to the operation of the leased properties. Exact Name of registrant as specified in its charter. Prior to his role at AIG, Mr. Carano serves on the board of directors of Recreational Enterprises, Inc.