Pursuant to the terms agreed upon by the parties, the current PENN master lease will be amended to remove PENN’s properties in Aurora and Joliet, Illinois Columbus and Toledo, Ohio and Henderson, Nevada and those properties will be added to the new master lease. The transaction, including the creation of the new master lease, is subject to customary regulatory approvals and is expected to be effective January 1, 2023. The companies have also agreed to a funding mechanism to support PENN’s pursuit of relocation and development opportunities at several of the properties included in the new master lease. (“PENN”) (Nasdaq: PENN) for seven of PENN’s current properties. (“GLPI” or the “Company”) (Nasdaq: GLPI) announced today that it agreed to create a new master lease with PENN Entertainment, Inc. 10, 2022 (GLOBE NEWSWIRE) - Gaming & Leisure Properties, Inc. New Master Lease to Support Growth Opportunities for PENNĭriven by Property Relocations and Additional Development
