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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The effects of inflation can be seen in part in the amount of money wagered by gamblers on things like electronic games. About $134.6 million was wagered in electronic games at Ameristar Casino in October compared to $176.6 million wagered the same month last year. At Horseshoe Casino, wagers dropped by about $30 million year over year after posting $213.2 million in October compared to $243.8 million wagered in October 2021.
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