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GLPI agrees to buy Sunland Park property for $183.75 million

Deals & M&A

Gaming and Leisure Properties (GLPI) announced an agreement to acquire the real estate assets of Sunland Park Racetrack & Casino in New Mexico for $183.75 million. The deal carries an initial 8.2% capitalisation rate, a 2% annual rent escalator and a 25-year initial lease term, with two optional 10-year renewals; Strategic Gaming Management operates the venue.

The transaction establishes a long-term lease arrangement between GLPI and the operator of a New Mexico gaming venue.

End-of-day close Gaming and Leisure Properties (GLPI), USD, to 14 November 2025
Story date18 August 202514 November 2025

Latest reported results

Gaming and Leisure Properties Nasdaq: GLPI

Quarter ended 30 September 2026

Revenue
USD 435.4m10-Q filing 0001575965-26-000072
Operating income
USD 309.9m10-Q filing 0001575965-26-000072

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