M&A Deal Summary |
|
|---|---|
| Date | 2016-04-28 |
| Target | Pinnacle Entertainment - Real Estate Assets |
| Sector | Real Estate |
| Buyer(s) | Gaming & Leisure Properties |
| Sellers(s) | Pinnacle Entertainment |
| Deal Type | Divestiture |
SEARCH BY
| Category | Company |
|---|---|
| Sector | Real Estate |
| Employees | 19 |
| Revenue | 1.5B USD (2024) |
Gaming & Leisure Properties is a real estate company. GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in "triple net" lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties. Gaming & Leisure Properties is based in Wyomissing, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 7 |
| Sector: Real Estate M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 2 of 7 |
| Country: United States M&A | 2 of 7 |
| Year: 2016 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-12-16 |
The Meadows Racetrack and Casino
Washington, Pennsylvania, United States The Meadows Racetrack and Casino is a casino and pari-mutuel gaming that includes approximately 3,170 gaming devices, 74 table games, 11 poker tables, and a 5/8 mile harness horse racetrack with a 500-seat grandstand. |
Buy | $440M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-04-16 |
Tropicana Las Vegas
Las Vegas, Nevada, United States Tropicana Las Vegas is an operator of Hotel and Casino that boasts stylish rooms, suites, and luxury villas, complete with acclaimed restaurants, premier entertainment options, and a 50,000-square-foot casino. The resort redefines the expectations of today's global travelers by providing a casually elegant experience on The Strip, all with a South Beach rhythm and vibe. The property also features Glow® a Mandara Spa and fitness center, Laugh Factory Comedy Club, Trago Lounge, and restaurants such as Robert Irvine’s Public House, Bacio Breakfast, Oakville Steakhouse, Barista Café, Fresh Mix, South Beach Food Court, and Savor Brunch Buffet. Tropicana Las Vegas is based in Las Vegas, Nevada. |
Buy | $308M |
| Category | Company |
|---|---|
| Founded | 1938 |
| Sector | Gaming |
| Employees | 14,738 |
| Revenue | 2.4B USD (2016) |
Pinnacle Entertainment, Inc. is an owns and operator of casinos located in Colorado, Indiana, Iowa, Louisiana, Mississippi, Missouri and Nevada, and a racetrack in Ohio. Pinnacle Entertainment, Inc. was established in 1938 and is headquartered in Las Vegas, Nevada.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Real Estate M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2016 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-03-29 |
The Meadows Racetrack and Casino - Gaming Licenses & Operating Assets
Washington, Pennsylvania, United States The Meadows Racetrack and Casino - Gaming Licenses & Operating Assets owns and operates casinos and racetracks. |
Buy | $138M |
