Nothing a little ching-ching-cha-ching on a few million iPhones couldn¡¯t help.
The initial rental rate on the property will yield Oak Street an 8.5% annual capitalization rate, adjusting to 7% as the casino receives gaming approvals. The rent rate is subject to CPI increases, the companies said in a release.
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In 2020, proponents of the initiative that would allow casinos at the state¡¯s horseracing tracks made a convincing argument that providing gambling there would keep the cash wagered and the tax dollars it generates in Nebraska rather than seeing it cross the Missouri River to Iowa casinos.
Gamblers can also visit 800 Gambler for education and information around problem gambling, as well as view programs and services offered. Michigan strives to ensure that gambling is a source of entertainment for its users.
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