Gaming and Leisure Properties, Inc. (NasdaqGS:GLPI) acquired Real estate assets of Tioga Downs Casino Resort for approximately $175 million on February 6, 2024. The transaction was funded with cash on hand and the issuance of $20.0 million in OP units. Since the end of the third quarter 2023, GLPI has issued 4.06 million shares through its ATM (At-The-Market) program which raised net proceeds of $188.9 million, in part towards the funding of this transaction, as well as its overall potential acquisition pipeline. Citizens JMP Securities acted as financial advisor to Gaming and Leisure Properties. Innovation Capital served as the financial advisor to American Racing. Matt Sodl, Kevin Scheible and Alex Wang of Innovation Capital, LLC acted as financial advisor to Jeff Gural and American Racing and Entertainment, LLC.

Gaming and Leisure Properties, Inc. (NasdaqGS:GLPI) completed the acquisition of Real estate assets of Tioga Downs Casino Resort on February 6, 2024.