Gaming and Leisure Properties
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Gaming and Leisure Properties, Inc. (Nasdaq: GLPI) is a real estate investment trust (REIT) specializing in casino properties, based in Wyomissing, Pennsylvania. It was created as a corporate spin-off from Penn National Gaming, effective November 1, 2013.[1] The corporate breakup was designed to increase investor returns by taking advantage of the lack of federal income taxes on REITs.[2] The company owns 21 casino properties, 19 of which are leased back to Penn National.[3]
Properties
Gaming and Leisure Properties owns the following properties:[4]
Owned and operated
- Hollywood Casino Baton Rouge – Baton Rouge, Louisiana
- Hollywood Casino Perryville – Perryville, Maryland.
Properties leased to Penn National Gaming
Casinos
- Argosy Alton – Alton, Illinois
- Argosy Kansas City – Riverside, Missouri
- Argosy Sioux City – Sioux City, Iowa
- Boomtown Casino Biloxi – Biloxi, Mississippi
- M Resort – Henderson, Nevada
- Hollywood Casino Aurora – Aurora, Illinois
- Hollywood Casino Bay St. Louis – Bay St. Louis, Mississippi
- Hollywood Casino Columbus – Columbus, Ohio
- Hollywood Casino Joliet – Joliet, Illinois
- Hollywood Casino Lawrenceburg – Lawrenceburg, Indiana
- Hollywood Casino St. Louis – Maryland Heights, Missouri
- Hollywood Casino Toledo – Toledo, Ohio
- Hollywood Casino Tunica – Tunica, Mississippi
Racinos
- Bangor Raceway – Bangor, Maine
- Charles Town Races – Charles Town, West Virginia
- Dayton Raceway – Dayton, Ohio (under construction)
- Mahoning Valley Race Course – Austintown, Ohio (under construction)
- Penn National Race Course – Grantville, Pennsylvania
- Zia Park – Hobbs, New Mexico
References
- ^ Jamison Cocklin (November 2, 2013). "Penn National forms spin-off company for tax breaks on real estate". Youngstown Vindicator. Retrieved 2013-11-07.
- ^ Dimitra Defotis (November 16, 2012). "Penn National Gaming hits jackpot". Barron's. Retrieved 2013-11-07. (subscription required)
- ^ Howard Stutz (October 7, 2013). "Penn National to begin spinoff of real estate holdings". Las Vegas Review-Journal. Retrieved 2013-11-07.
- ^ "Our Portfolio". Gaming and Leisure Properties, Inc. Retrieved 2013-11-07.