So in RE and gaming, it seems as though there are two main strategies being taken by some large gaming companies - Asset Light and Asset Heavy.
Asset Light in the sense that the company sells their property to a REIT and then leases it back at a given cap rate in order to generate/free up cash to invest or expand into other projects.
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Asset Heavy where the company owns their land and maybe tries to get capital for expansion or other projects via normal means such as cap markets.
What are your thoughts and are there any less apparent pros to cons for each? Thought this might be an interesting discussion.
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