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The Cordish sells Live! Casino real estate assets for $1.8bn

8th December 2021 8:35 am GMT
Playtech

New York-listed Gaming and Leisure Properties (GLPI) has entered into definitive agreements to acquire the real property assets of three casinos from affiliates of The Cordish Companies for $1.81bn.

The strategic partnership will see GLPI acquire the real property assets of three of Cordish’s regional gaming assets; Live! Casino & Hotel Maryland, Live! Casino & Hotel Philadelphia, and Live! Casino Pittsburgh, including applicable long-term ground leases.

Cordish will immediately lease back all the properties, and continue uninterrupted [...]

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