Gaming and Leisure Properties acquires real estate assets of Tioga Downs Casino Resort
The transaction is valued at $175.0 million.
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The transaction is valued at $175.0 million.
American Racing & Entertainment, LLC announced on Tuesday (Feb. 6) that it sold the real estate assets of harness racing racino Tioga Downs Casino Resort to Gaming and Leisure Properties Inc. (GLPI) for $175 million. American Racing & Entertainment, headed by CEO Jeff Gural, will continue to operate Tioga Downs via an accompanying 30-year lease
NICHOLS, N.Y. — Tioga Downs Casino Resort owner American Racing & Entertainment LLC (ARE) has sold the real-estate assets of the racing and gaming venue to Gaming and Leisure Properties, Inc., (NASDAQ: GLPI) for $175 million, ARE announced.
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In a statement, American Racing & Entertainment said it sold the assets to Gaming and Leisure Properties Inc. for $175 million. After the transaction, American Racing & Entertainment will operate Tiog