Brief: Gaming & Leisure Properties and Penn Entertainment Agree To New Master Lease Terms And Development Funding

Gaming and Leisure Properties

10/10/2022 12:33

Oct 10 (Reuters) - Gaming and Leisure Properties Inc
 GLPI.O :
    * GAMING & LEISURE PROPERTIES AND PENN ENTERTAINMENT AGREE
TO NEW
MASTER LEASE TERMS AND DEVELOPMENT FUNDING
    * GAMING AND LEISURE PROPERTIES INC - AGREED TO CREATE A NEW
MASTER LEASE WITH PENN ENTERTAINMENT, INC FOR SEVEN OF PENN'S
CURRENT PROPERTIES
    * GAMING AND LEISURE PROPERTIES INC - AGREED TO FUND UP TO
$225
MILLION FOR RELOCATION OF PENN'S RIVERBOAT CASINO IN AURORA AT A
7.75% CAP RATE
    * GAMING AND LEISURE PROPERTIES - AGREED TO FUND UP TO $350
MILLION FOR RELOCATION OF HOLLYWOOD CASINO JOLIET
    * GAMING AND LEISURE PROPERTIES INC - RENT FOR NEW LEASE
WILL BE
$232.2 MILLION IN BASE RENT

Source text for Eikon:  ID:nGNXbsKkvN 
Further company coverage:  GLPI.O 
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