("GLPI"), a publicly traded gaming-focused real estate investment trust ("REIT"), will acquire the Evansville casino real estate for $340 million and lease it back to Twin River for $28 million/year in rent, subject to escalation. As a result of the transaction structure, Twin River will make the acquisition without any cash outlay.Īs part of the acquisition, Gaming and Leisure Properties, Inc. (NYSE: TRWH) today announced that it has entered into an agreement to acquire the Tropicana Evansville casino operations from Caesars Entertainment, Inc. (NASDAQ: CZR) for $140 million. 27, 2020 /PRNewswire/ - Twin River Worldwide Holdings, Inc.
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