GMA quoted on CDC Gaming Reports
Gaming and Leisure Properties to acquire real estate assets of three Cordish Live! casinos for $1.81 billion
by Buck Wargo
Gaming and Leisure Properties, Inc., a Pennsylvania-based real estate investment trust spun off from Penn National Gaming, has agreed to acquire the real estate assets of three of the Cordish Companies’ Live! casino properties for $1.81 billion, further expanding its portfolio.
In return, Cordish will immediately lease back the properties and continue to control and manage the gaming operations at Live! Casino & Hotel Maryland, Live! Casino & Hotel Philadelphia, and Live! Casino Pittsburgh.
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