M&A Deal Summary

PENN Entertainment Acquires Hollywood Casino Perryville

On December 1, 2020, PENN Entertainment acquired leisure company Hollywood Casino Perryville from Gaming & Leisure Properties for 31M USD

Acquisition Highlights
  • This is PENN Entertainment’s 8th transaction in the Leisure sector.
  • This is PENN Entertainment’s 9th largest (disclosed) transaction.
  • This is PENN Entertainment’s 18th transaction in the United States.
  • This is PENN Entertainment’s 2nd transaction in Maryland.

M&A Deal Summary
Date 2020-12-01
Target Hollywood Casino Perryville
Sector Leisure
Buyer(s) PENN Entertainment
Sellers(s) Gaming & Leisure Properties
Deal Type Divestiture
Deal Value 31M USD

Target

Hollywood Casino Perryville

Perryville, Maryland, United States
Hollywood Casino Perryville offers Vegas-style gaming vibes in a friendly community atmosphere. Hollywood Casino Perryville is based in Perryville, Maryland.

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Buyer(S) 1

Buyer

PENN Entertainment

Wyomissing, Pennsylvania, United States
Category Company
Founded 1972
Sector Gaming
Employees23,333
Revenue 6.4B USD (2023)
DESCRIPTION

PENN Entertainment owns, operates and has ownership interests in gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. PENN Entertainment was founded in 1972 and is based in Wyomissing, Pennsylvania.

DEAL STATS #
Overall 18 of 19
Sector (Leisure) 8 of 8
Type (Divestiture) 2 of 2
State (Maryland) 2 of 2
Country (United States) 18 of 18
Year (2020) 2 of 2
Size (of disclosed) 9 of 9
PREVIOUS DEAL
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.

Sell $308M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-05 theScore

Toronto, Ontario, Canada

theScore operates as a sports media company in North America. It offers theScore, a mobile sports application that delivers customizable news, scores, stats, and notifications for various leagues and sports; and theScore esports, which produces and shares original video content pieces across its web and social platforms, including features and documentaries on high-profile teams, games, and players from across the esports scene, as well as highlights and interviews. The company also provides theScore Bet, a mobile sports betting platform that delivers various pre-game and in-game markets and betting options, lightning-fast scores, and in-game data comprising early cash-out, and easy and secure deposit and withdrawal options. In addition, it operates theScore.com, a web platform that provides sports news, scores, and video and editorial content written by original sports voices. theScore was founded in 2012 and is based in Toronto, Canada.

Buy $2.0B

Seller(S) 1

SELLER

Gaming & Leisure Properties

Wyomissing, Pennsylvania, United States
Category Company
Sector Real Estate
Employees18
Revenue 1.4B USD (2023)
DESCRIPTION

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 1 of 2
Sector (Leisure) 1 of 2
Type (Divestiture) 1 of 2
State (Maryland) 1 of 1
Country (United States) 1 of 2
Year (2020) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-27 Dover Downs Hotel & Casino

Dover, Delaware, United States

Dover Downs Hotel & Casino is a luxurious 4 Diamond hotel and casino offering a variety of entertainment, dining, horse racing, table games, poker, and slots. Dover Downs Hotel & Casino is based in Dover, Delaware.

Buy $340M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-13 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.

Sell $308M
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