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Stock impact report

Gaming & Leisure Properties Completes Acquisition of Tropicana Las Vegas and Provides Update on April Rent Collections

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
WYOMISSING, Pa., April 20, 2020 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI or “GLPI” or the “Company”) today announced the completion of the previously announced acquisition of Tropicana Las Vegas Casino Hotel Resort (the “Tropicana”) and provided an update on the collection of April 2020 rents for its portfolio of the real estate for 44 gaming and related facilities. Tropicana Purchase Agreement and LeaseOn April 16, 2020, the Company and certain of its subsidiaries acquired the real property associated with the Tropicana from Penn National Gaming, Inc. (Nasdaq: PENN or “Penn National”) in exchange for rent credits of $307.5 million, which will be applied to rent due under the parties’ existing leases for the months of May, June, July, August, October and a portion of November 2020. Pursuant to the terms of the transaction with Penn National, GLPI will conduct a sale process with respect to the Tropicana Las Vegas (including the casino and hotel busines Show less Read more
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