The transaction includes a binding partnership between Gaming and Leisure Properties Inc. The Maryland transaction is anticipated to close by the end of the month. The transactions for the Philadelphia and Pittsburgh properties are expected to close in early 2022, PBJ.com reports. Cordish will immediately lease back all the properties and continue to own and oversee all gaming operations at the facilities. is purchasing the real estate assets associated with Live! Casino & Hotel Maryland, Live! Casino & Hotel Philadelphia and Live! Casino Pittsburgh, including applicable long-term leases.
Wyomissing-based Gaming and Leisure Properties Inc. for $1.81 billion, including the newly built casino and hotel in South Philadelphia, reports the Philadelphia Business Journal. is acquiring three Live! Casino properties from Baltimore-based The Cordish Cos.
