Casino Queen, Inc. entered into a definitive agreement to acquire Operations of Hollywood Casino Baton Rouge("HCBR") from Gaming and Leisure Properties, Inc. (NasdaqGS:GLPI) for $28.2 million on November 25, 2020. Upon closing of the transaction, GLPI will receive $4 million as a one-time cash payment in satisfaction of the outstanding loan to Casino Queen. GLPI will retain ownership of all real estate assets at HCBR and will simultaneously enter into a master lease with Casino Queen, which will include both the DraftKings at Casino Queen (“DKCQ”) property in East St. Louis and the HCBR facility. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in the second half of 2021. As on October 29, 2021, the deal is expected to close before the end of the year. Casino Queen, Inc. completed the acquisition of Operations of Hollywood Casino Baton Rouge from Gaming and Leisure Properties, Inc. (NasdaqGS:GLPI) on December 17, 2021.