Las Vegas Advisor: LINQ Promenade mall sold for $275 million

After more than a year of speculation about which Caesars Entertainment casino might be up for sale, the question has been answered. It’s none of them. Instead, it’s been announced that Caesars is selling the LINQ Promenade, the outdoor shopping mall situated between The LINQ and the Flamingo, for $275 million. The buyer is a joint venture between noncasino companies in Texas and New York; hence, there doesn’t figure to be any kind of gambling-­industry element connected to the sale. The High Roller observation wheel was not included in the deal. The sale comes on the heels of Caesars’ sale of the World Series of Poker brand, another capital-raising move that didn’t necessitate the sale of any of its casinos.

See the original article at: Honolulu Star-Advertiser