As a result, Twin River will acquire the Evansville facility, which had $32 million in 2019 EBITDA (after $28 million pro forma for the lease), at a multiple of 4.4x 2019 rent-adjusted EBITDA. As a result of the transaction structure, Twin River will make the acquisition without any cash outlay.Īs part of the acquisition, Gaming and Leisure Properties, a publicly-traded gaming-focused real estate investment trust, will acquire the Evansville casino real estate for $340 million and lease it back to Twin River for $28 million/year in rent, subject to escalation. Twin River Worldwide Holdings announced on Tuesday that it has entered into an agreement to acquire the Tropicana Evansville casino operations from Caesars Entertainment for $140 million.

Twin River will also acquire unencumbered rights to the sports betting and iGaming skins associated with the Evansville operations to access the Indiana market as part of the transaction. and sharing them with guests.Gaming and Leisure Properties (GLPI), a publicly-traded gaming-focused real estate investment trust, will acquire the Evansville casino real estate for $340 million and lease it back to Twin River for $28 million/year in rent. Keeping with the times, Carnival Magic features the delicious good times of Guy's Burger Joint ™, BlueIguana Cantina ™, Alchemy Bar ® and RedFrog Rum Bar ®.Ĭarnival Magic has a history of starting good things. And if you wanted to visit the original Guy's Pig & Anchor Bar-B-Que Smokehouse ™. plus its exclusive, tasty, not-a-drop-to-be-found (on land, that is) beer, ThirstyFrog ® Red. Who can forget their first taste of RedFrog Pub ®, with its laid back, not-a-worry-to-be-found atmosphere. This is also the ship that introduced the world to Cucina del Capitano ®, which serves up Italian favorites fit for a captain. It's no surprise Carnival Magic debuted all-new ways to have a good time onboard, and continues to prove it with the outdoor fitness-and-fun of SportSquare ™, featuring the world's first ropes course at sea. In other words, a cruise on Carnival Magic has no shortage of its namesake charm! and The Lanai, a convenient, scenic half-mile outdoor wraparound promenade deck. and we're sure you'll agree.Īt 1,004 feet, this one continued the Dream class tradition of large-scale, bow-to-stern cruise ship fun including the food-and-entertainment space Ocean Plaza, the splashy stylings of Carnival WaterWorks ™.

We knew exactly what we were doing when we named this ship Carnival Magic.

Twin river casino floor plan