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  "documentTitle": "Six Flags Entertainment Corp. (SIX)",
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  "notes": "Includes three distinct tables: Gaming Real Estate Transactions, Public Gaming REIT Valuations, and Public Gaming OpCo Valuations.",
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      "text": "Recent private transaction comps for gaming real estate, as well as public gaming REIT valuations, point to a 6 – 7% cap rate and mid-teens multiple for experiential, large format leisure assets like theme parks",
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      "text": "VICI, GLPI, Caesars, MGM, Penn National logos",
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      "text": "Recent private transaction comps for gaming real estate, as well as public gaming REIT valuations, point to a 6 – 7% cap rate and mid-teens multiple for experiential, large format leisure assets like theme parks. Many of the acquirers of gaming net lease real estate would be interested and well-financed buyers of amusement parks. Public gaming OpCo valuations supportive of L&B analysis.",
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      "text": "Cap Rate: 6.6%",
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      "text": "Source: Company filings, Bloomberg, Green Steet, Bank of America; Note: Gaming OpCo valuations are ex digital gaming value",
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      "text": "PRIVATE AND PUBLIC COMPS FOR GAMING REAL ESTATE HIGHLIGHT EMBEDDED VALUE IN SIX",
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