GLPIGreater Lafayette Progress, Inc. (Lafayette, IN)
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At closing, GLPI and Boyd will enter into a master lease agreement for the divestitures pursuant to which Boyd will lease the divested real property from GLPI (including the real property underlying Belterra Park).
Further, there is no operational conflict since GLPI is simply a financing source.
On 21 July 2015, PNK and GLPI jointly announced a transaction in which Pinnacle will spin off its operating business and the real property of Belterra Park Gaming and Entertainment Center into a separately traded public Company and the real estate assets held by the remaining company will be acquired by GLPI.
This software will replace the cem Optim software applications currently operating in the service and Biomedical GLPI according to IT service.
Thompson Medical's plans indicate Greater Lafayette's continued economic appeal, says Bob Griffiths, GLPI board chairman.
Following the close of the transaction, Pinnacle will operate the Meadows' gaming entertainment business and lease its underlying real property from GLPI in a triple net lease with initial annual rent of USD 25.
Gaming and Leisure Properties has announced that it has conveyed the company's proposal to acquire the property assets of Pinnacle for GLPI stocks, in a letter sent to the Board of Directors of Pinnacle Entertainment, Inc.
GLPI already owns one casino in Indiana, the Hollywood Lawrenceburg operated by Penn National Gaming (NASDAQ: PENN).
2016-079 would cause GLPI to exceed the state statutory limit on concentration of casino ownership which limits any owner to two casinos, as GLPI already owns one casino in this state and the acquisitions would bring its ownership to 3 casinos, in violation of Indiana Code 4-33-6-3.
This resolution includes a settlement of all claims between GLPI and Cannery.
NYSE: PNK) have entered into a definitive agreement under which GLPI will acquire substantially all of Pinnacle's real estate assets in an all-stock transaction, the companies said.
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.