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GLPI Purchases Three Cordish Live! Assets for a Price of $1.81B

by Filip Mishevski

Pennsylvania-based Gaming and Leisure Properties, Inc makes a massive move as it agrees to purchase a total of three The Cordish Companies’ Live! casino assets for a price of $1.81 billion.  Wall Street analysts greeted the developments as the purchase will allow Gaming and Leisure Properties to expand its portfolio.

The transactions between Cordish and Gaming Leisure Properties will be finalized at different times of the year in 2022.  All of them will be subject to financing, regulatory approvals, and other closing conditions.  With that being said, the Maryland transaction is set to be finalized by the end of 2021, while the Pennsylvania transaction is set to be finalized at the start of 2022.

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