Gaming and Leisure Properties, Inc. completed the acquisition of real estate assets of Dover Downs Hotel & Casino.
June 02, 2021
Share
Gaming and Leisure Properties, Inc. (NasdaqGS:GLPI) agreed to acquire real estate assets of Dover Downs Hotel & Casino for approximately $140 million on October 27, 2020. In a related transaction, Gaming and Leisure Properties, Inc. entered into definitive agreements to re-acquire the real property assets of Tropicana Evansville from Caesars Entertainment, Inc. (NasdaqGS : CZR) after the substitution right related to the property was triggered. The transaction is subject to receipt of required regulatory approvals and other customary closing conditions. The the closing of the transaction is expected in mid of 2021.
Gaming and Leisure Properties, Inc. (NasdaqGS:GLPI) completed the acquisition of real estate assets of Dover Downs Hotel & Casino on June 3, 2021.
Gaming and Leisure Properties, Inc. is a self-administered and self-managed Pennsylvania real estate investment trust. The Company's primary business consists of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. Its portfolio consists of interests in approximately 62 gaming and related facilities across 19 states with eight tenants, which consists of the real property associated with gaming and related facilities. The Company's property portfolio includes Hollywood Casino Lawrenceburg, Hollywood Casino Aurora, Hollywood Casino Joliet, Argosy Casino Alton, Hollywood Casino Toledo, Hollywood Casino Columbus, Hollywood Casino at Charles Town Races, Hollywood Casino at Penn National Race, Hollywood Casino Bangor, Zia Park Casino, Hollywood Casino Gulf Coast, Argosy Casino Riverside, Hollywood Casino St. Louis, Hollywood Gaming at Dayton Raceway, Ameristar Black Hawk, Tioga Downs Casino Resort (Tioga Downs), and others.