Penn National<\/a> is GLP’s biggest tenant, the real estate company does have a relationship with Eldorodo Resorts, too. Gaming and Leisure owns the Tropicana properties in Indiana and Atlantic City, N.J., both of which are managed by Eldorado.<\/span><\/p>\n<\/div>\n\u201cSo — but we’re paying very, very close attention to that,\u201d Carlino said of the Eldorado\/Caesars combination. \u201cOtherwise, there are a number of smaller things that we’re looking at today.\u201d<\/p>\n
In addition to Atlantic City and Indiana, GLP owns gaming properties in Louisiana and Nevada. Those are two markets where Eldorado could look to shed assets when it finalizes the Caesars deal in the first half of 2020.<\/p>\n
Working With Partners<\/h2>\n
Without naming specific companies, Gaming and Leisure CFO Steven Snyder said the firm is in talks with casino operators about the possibilities of jumping on an asset that could be sold by Eldorado or Caesars.<\/p>\n
\u201cIn terms of the M&A activity, we continue to work, as Peter mentioned and continue to be fully engaged with potential operators to look at opportunities that might spring from a Caesars\/Eldorado transaction<\/strong> to look at opportunities that might spring from Eldorado’s or Boyd’s or the Penns of the world who look to rationalize their portfolio,\u201d said Snyder on the conference call.<\/p>\nSnyder said GLP’s acquisition plans will be \u201cvery episodic<\/strong>\u201d while adding that the company is looking at avenues for growth<\/strong>.<\/p>\nSpecific regions for deals were not mentioned on the call, but there has been chatter that Eldorado could sell a Caesars casino<\/a> on the Las Vegas Strip. Gaming and Leisure owns just one property in that area, the M Resort Spa Casino in Henderson.<\/p>\n","protected":false},"excerpt":{"rendered":"Gaming and Leisure Properties, Inc. (NASDAQ:GLPI), the owner of casinos in 17 states, could be a buyer of additional venues if such assets come up for sale amid consolidation in the gaming industry. As part of its $17.3 billion takeover of Caesars Entertainment Corp. (NASDAQ:CZR), Eldorado Resorts, Inc. (NASDAQ:ERI) is mulling property divestments and analysts […]<\/p>\n","protected":false},"author":46,"featured_media":111610,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33810,32093],"tags":[],"acf":[],"yoast_head":"\n
Gaming And Leisure Properties Could be Hunting For Deals<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n