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0.000283045570336969 0 -0.000283045570336768 0.000283045570336969 -0.000566091140673536 -0.00198131899235758 -0.00254741013303131 -0.00452872912538909
Stock impact report

Gaming and Leisure Properties, Inc. Completes Previously Announced 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
- Initial Annual Income of $110 Million -- Increased Tenant Diversification with Eldorado Resorts, Inc. – WYOMISSING, Pa., Oct. 01, 2018 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (Nasdaq:GLPI) ("GLPI" or the "Company") today announced that it has successfully completed the previously announced acquisition of the real estate assets of five casino properties from Tropicana Entertainment, Inc. (“Tropicana”) for $964 million. The assets to be acquired are Tropicana Atlantic City, Tropicana Evansville, Tropicana Laughlin, Trop Casino Greenville and The Belle of Baton Rouge.  Concurrently, Eldorado Resorts, Inc. (NASDAQ: ERI) will acquire the operating assets of these properties and lease the real estate from the Company through a new master lease with a 15-year initial term and four 5-year renewal periods.  Initial annual rent is $87.6 million and the initial rent coverage is approximately 2.0x based on pro forma last twelve months ended June 30, 2018 Tropicana Adjusted EB Show less Read more
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