Games & Relaxation Characteristics Inc. Concludes Meadows Racetrack & Casino Order
Continuous talks about Meadows Racetrack & Casino acquisition attended to an end and it also is established that the brand-new owner are Gaming & recreational characteristics Inc., a spinoff providers of Penn nationwide Gaming. The recent holder associated with the Washington County belongings, Cannery Casino destinations, has actually inked an amended marketing contract with Gaming & amusement. The announced acquisition price had been $440 million, which is $25 million less than the last offer posted back will 2014.
GLPI recorded case against Cannery Casino holiday resorts and implicated the latter of experiencing exaggerated the performance that is financial of casino place. In reality, that accusation created the cornerstone on the purchase rates.
According to the launched facts, GLPI was going to keep carefully the property and estate that is real was actually prepared to operate in collaboration by way of a 3rd [...]