GLPI plans $111 million land-based replacement for Belle of Baton Rouge
Gaming & Leisure Properties (GLPI) announced plans to invest $111 million in moving Belle of Baton Rouge’s casino operations ashore in Louisiana. The full project, including a hotel renovation, is expected to cost more than $141 million, with completion envisioned for September 2025. Queen Casino & Entertainment will pay GLPI a 9% incremental rental yield on the funding, and the Belle will continue operating until its gaming equipment moves ashore.
The funding, rental yield and project timetable shape the financial and operating terms of Belle of Baton Rouge’s move ashore.