US – Penn National Gaming completes acquisition of Hollywood Casino Perryville

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Penn National Gaming

Penn National Gaming has completed its previously announced acquisition of the Hollywood Casino – Perryville in Maryland.

The Company entered into a definitive agreement with Gaming and Leisure Properties, Inc. in December 2020. It was to purchase the operations of Hollywood Casino Perryville for $31.1 million in cash. Today, the Company signed a lease with GLPI for the facility’s real estate assets with an annual rent of $7.77m.

“Penn National is glad to re-enter the thriving Maryland gaming market and to re-open Hollywood Casino Perryville. Also, today’s acquisition of the operations of Hollywood Casino Perryville expands our leading nationwide footprint by a twentieth gaming jurisdiction,” said Jay Snowden, President, and CEO of Penn National.

 

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Nassima Azmzm

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