on future Cordish casino developments, as well as potential financing partnerships between the entities on other real estate and operating businesses in Cordish’s portfolio. The transaction includes a binding partnership between Gaming and Leisure Properties Inc. Caesars Entertainment officials say the company has reached an agreement to sell a southern Indiana casino to the North Carolina-based Eastern Band of Cherokee Indians for 250. The Maryland transaction is anticipated to close by the end of the month. The transactions for the Philadelphia and Pittsburgh properties are expected to close in early 2022, PBJ.com reports. Cordish will immediately lease back all the properties and continue to own and oversee all gaming operations at the facilities. is purchasing the real estate assets associated with Live! Casino & Hotel Maryland, Live! Casino & Hotel Philadelphia and Live! Casino Pittsburgh, including applicable long-term leases.
Wyomissing-based Gaming and Leisure Properties Inc.
for $1.81 billion, including the newly built casino and hotel in South Philadelphia, reports the Philadelphia Business Journal. The company that owns Hoosier Park Casino & Racing is poised to bid on the Indiana Live casino and Indiana Downs horse racetrack in Shelbyville. is acquiring three Live! Casino properties from Baltimore-based The Cordish Cos.
