Gaming and Leisure Properties, Inc. (GLPI) announced on Monday that it has completed the acquisition of the Tropicana Las Vegas from Penn National Gaming. The deal was originally said to be worth $337.5 million, but the final tally is now $307.5 million. The two companies came to their agreement in March, shortly after Nevada Governor… Read more »
Penn National Gaming announced that it has agreed to sell the Tropicana Las Vegas to Gaming and Leisure Properties, Inc. (GLPI). The deal for the casino on the south end of the Strip is for $337.5 million. Interestingly, the $337.5 million will not be paid in cash, but rather in a “non-cash rent payment.” The… Read more »
Penn National Gaming announced a blockbuster sports betting deal with a number of operators on Wednesday, setting it up to be a major player in the online sportsbook field. It also gives the operators – DraftKings, PointsBet, theScore, and The Stars Group – much needed entry into several states. A press release issued by Penn… Read more »
