Gaming and Leisure Properties, Inc. acquired 3 Casino Resorts of Silverado Franklin Hotel & Gaming Complex, the Deadwood Mountain Grand and Baldi from Silverado Franklin Hotel & Gaming Complex, Zcn, LLC and Rock Casino Management, LLC for $110 million.
May 15, 2024
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Gaming and Leisure Properties, Inc. (NasdaqGS:GLPI) acquired 3 Casino Resorts of Silverado Franklin Hotel & Gaming Complex, the Deadwood Mountain Grand and Baldi from Silverado Franklin Hotel & Gaming Complex, Zcn, LLC and Rock Casino Management, LLC for $110 million on May 16, 2024. The consideration consists of $105 million in cash. Citizens JMP Securities, LLC acted as a financial advisor to Gaming and Leisure Properties.
Gaming and Leisure Properties, Inc. (NasdaqGS:GLPI) completed the acquisition of 3 Casino Resorts of Silverado Franklin Hotel & Gaming Complex, the Deadwood Mountain Grand and Baldi from Silverado Franklin Hotel & Gaming Complex, Zcn, LLC and Rock Casino Management, LLC on May 16, 2024.
Gaming and Leisure Properties, Inc. is a self-administered and self-managed real estate investment trust. The Company's business consists of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. Its portfolio consists of interests in approximately 65 gaming and related facilities across 20 states with eight tenants, which consists of the real property associated with gaming and related facilities. Its property portfolio includes Hollywood Casino Lawrenceburg, Hollywood Casino Aurora, Hollywood Casino Joliet, Argosy Casino Alton, Hollywood Casino Toledo, Hollywood Casino Columbus, Hollywood Casino at Charles Town Races, Hollywood Casino at Penn National Race, Hollywood Casino Bangor, Zia Park Casino, Hollywood Casino Gulf Coast, Argosy Casino Riverside, Hollywood Casino St. Louis, Hollywood Gaming at Dayton Raceway, Ameristar Black Hawk, Tioga Downs Casino Resort, Silverado Franklin Hotel & Gaming Complex, and others.
Gaming and Leisure Properties, Inc. acquired 3 Casino Resorts of Silverado Franklin Hotel & Gaming Complex, the Deadwood Mountain Grand and Baldi from Silverado Franklin Hotel & Gaming Complex, Zcn, LLC and Rock Casino Management, LLC for $110 million.