“We are pleased to partner with Gaming And Leisure Properties to structure this tuck-in transaction, which will be immediately accretive to our operating results upon closing,” read a statement from Timothy Wilmott, President and Chief Executive Officer for Penn National Gaming Incorporated. Wyomissing-based Penn National Gaming Incorporated already runs the Boomtown Casino Biloxi and the Hollywood Casino Gulf Coast in southern Mississippi along with the Hollywood Casino Tunica and revealed that the agreements with current owners RIH Acquisitions MS I and RIH Acquisitions MS II are expected to close during the second quarter of the year subject to the receipt of approvals from the Mississippi Gaming Commission.Īfter completing the Tunica County deals, Penn National Gaming Incorporated explained that it intends to lease the newly-acquired properties from its Gaming And Leisure Properties Incorporated real estate spin-off for an initial combined annual rent of $9 million. American casino operator Penn National Gaming Incorporated is set to almost double its casino estate in the southern state of Mississippi after agreeing deals that will see it spend $44 million in order to acquire the Resorts Casino Tunica property along with the nearby Bally’s Casino Tunica.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |