Rubico Acquisition Corp. entered into an agreement to acquire Harrah's Louisiana Downs Casino, Racing & Entertainment from Caesars Entertainment, Inc. (NasdaqGS:CZR) and VICI Properties Inc. (NYSE:VICI) for $22 million on September 3, 2020. The proceeds of the transaction shall be split $5.5 million to VICI Properties and $16.5 million to Caesars subject to customary adjustments for cash and net working capital. The annual base rent payments under the Regional Master Lease between Caesars and VICI will remain unchanged. The transaction is subject to regulatory approval and other closing conditions and is expected to close at the end of 2020 or early 2021. As of October 28, 2020, the transaction is expected to close by early 2021. As of November 9, 2020, the transaction is expected to complete in the first half of 2021. As of May 5, 2021, the transaction is expected to close in the third quarter of 2021. As of October 26, 2021, Louisiana's Racing Commission has approved sale of Harrah's Louisiana Downs horse racing track and casino. The transaction is expected to close on November 1, 2021.

Rubico Acquisition Corp. completed the acquisition of Harrah's Louisiana Downs Casino, Racing & Entertainment from Caesars Entertainment, Inc. (NasdaqGS:CZR) and VICI Properties Inc. (NYSE:VICI) on November 1, 2021.