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home / news releases / GLPI - Caesars Entertainment unloads Indiana property to GLPI and TRWH

GLPI - Caesars Entertainment unloads Indiana property to GLPI and TRWH

Gaming and Leisure Properties Inc.
Caesars Entertainment (CZR) says it is selling its Tropicana Evansville property to Gaming and Leisure Properties (GLPI) and Twin River Worldwide Holdings (TRWH) for $480M.As part of the deal, Caesars has agreed to add the real estate associated with Isle Casino Hotel Waterloo and Isle Casino Hotel Bettendorf to the GLPI Master Lease, giving the company full ownership of Tropicana Evansville and the ability to sell it in whole.The transaction is expected to close in the middle part of 2021 and is subject to regulatory approvals and other customary closing conditions. CZR -4.06% premarket to $46.50.Source: Press Release

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Caesars Entertainment unloads Indiana property to GLPI and TRWH
Stock Information
Company Name: Gaming and Leisure Properties Inc.
Stock Symbol: GLPI
Market: NASDAQ
Website: glpropinc.com
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