Penn National Gaming has entered into an agreement with Gaming and Leisure Properties Inc. (GLPI) to acquire the operating rights of Hollywood Casino Perryville in Maryland.
Penn National will pay GLPI $31.1 million in an all-cash deal that is expected to close in the middle of 2021. GLPI, the real estate investment trust of the Pennsylvania-based casino operator, will additionally collect $7.77 million in annual rent from Penn. Penn National developed Hollywood Casino Perryville in 2010. It was sold to GLPI […]