GLPI acquires three casino properties in Nevada and South Dakota for $105 million
Gaming and Leisure Properties (GLPI) acquired the real estate assets of Silverado Franklin Hotel & Gaming Complex, Deadwood Mountain Grand and Baldini’s Casino in South Dakota and Nevada, the company said. GLPI also provided $5 million for capital improvements, bringing its total investment to $110 million, and agreed two 25-year leases with Strategic Gaming Management.
The sale-leaseback gives Strategic capital for property improvements while committing it to long-term leases with GLPI.