on future Cordish casino developments, as well as potential financing partnerships between the entities on other real estate and operating businesses in Cordish’s portfolio. The transaction includes a binding partnership between Gaming and Leisure Properties Inc. Penn National Gaming operates two Pennsylvania Racetracks, Penn National Race Course at Grantville and the Pocono Downs as well as 11 OTWs throughout the state.

The Maryland transaction is anticipated to close by the end of the month. The transactions for the Philadelphia and Pittsburgh properties are expected to close in early 2022, PBJ.com reports. Cordish will immediately lease back all the properties and continue to own and oversee all gaming operations at the facilities. is purchasing the real estate assets associated with Live! Casino & Hotel Maryland, Live! Casino & Hotel Philadelphia and Live! Casino Pittsburgh, including applicable long-term leases. Wyomissing-based Gaming and Leisure Properties Inc. for $1.81 billion, including the newly built casino and hotel in South Philadelphia, reports the Philadelphia Business Journal. is acquiring three Live! Casino properties from Baltimore-based The Cordish Cos.

Its Interactive segment includes online sports betting, iCasino and online social gaming operations.A spinoff of Penn National Gaming Inc. The Midwest segment includes Ameristar Council Bluffs, Hollywood Casino Aurora, and River City Casino. The West segment include Ameristar Black Hawk, M Resort, and Zia Park Casino. The South segment includes 1st Jackpot Casino, Ameristar Vicksburg, Boomtown New Orleans, and LâAuberge Baton Rouge. The Northeast segment include Ameristar East Chicago, Hollywood Casino Columbus, Hollywood Casino at Greektown, and Hollywood Casino at PENN National Race Course. Its segments include Northeast, South, West, Midwest, and Interactive.

It operates 43 properties in 20 states, online sports betting in 15 jurisdictions and iCasino in five jurisdictions, under a portfolio of brands, including Hollywood Casino, LâAuberge, Barstool Sportsbook, and theScore Bet Sportsbook and Casino. is a provider of integrated entertainment, sports content and casino gaming experiences.

Casinos owned by penn national gaming