Sales
WYOMISSING, PA—Gaming and Leisure Properties closed its previously-announced transaction to acquire The Meadows Racetrack and Casino in Washington, PA, a suburb of Pittsburgh, PA, from Cannery Casino Resorts for $440 million. It also sold the entities holding the gaming licenses and operating assets to Pinnacle Entertainment for $138 million and entered into a 29-year triple net lease agreement, with initial annual rent of $25.4 million.
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