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Stock impact report

Gaming and Leisure Properties, Inc. Announces Acquisition of the Real Estate Assets of Tropicana Entertainment

Gaming and Leisure Properties, Inc. (GLPI) 
Last gaming and leisure properties, inc. earnings: 4/30 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: reddit.com/r/gaming
Company Research Source: GlobeNewswire
– Purchase Price of $1.21 Billion With Initial Rent of $110 Million –– Increased Tenant Diversification with Eldorado Resorts, Inc. –– Announced Acquisitions Are Expected to be 8% to 10% Accretive – WYOMISSING, Pa., April 16, 2018 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (Nasdaq:GLPI) ("GLPI" or the "Company") today announced that it has entered into a definitive agreement to acquire the real estate assets of six casino properties from Tropicana Entertainment for $1.21 billion, exclusive of taxes and transaction fees of approximately $40.0 million. The assets to be acquired are Tropicana Atlantic City, Tropicana Evansville, Lumiere Place, Tropicana Laughlin, Trop Casino Greenville and The Belle of Baton Rouge. The combined properties include 350,000 casino square feet, 7,416 slot machines, 237 table games and 4,993 hotel rooms. Concurrent with the closing of this transaction, Eldorado Resorts, Inc. (NASDAQ:ERI) will acquire the operating assets of these properties an Show less Read more
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