11/21/2023 0 Comments Who owns live casino pittsburgh![]() ![]() ![]() The master lease and single asset lease will have an initial term of 39 years, with a maximum term of 60 years inclusive of tenant renewal options. ![]() Simultaneous with the closing of these transactions, GLPI will enter into a new triple-net master lease with Cordish for Live! Casino & Hotel Philadelphia, and Live! Casino Pittsburgh, as well a single asset lease for Live! Casino & Hotel Maryland. The transaction for the three properties includes not only the existing real estate assets, but also a binding partnership on future Cordish casino developments, as well as potential financing partnerships between Wyomissing-based GLPI and Baltimore-based Cordish in other areas of Cordish’s portfolio of real estate and operating businesses. said Monday that it entered into an agreement to acquire the real property assets of Live! Casino & Hotel Maryland, Live! Casino & Hotel Philadelphia and Live! Casino Pittsburgh from affiliates of The Cordish Companies for $1.81 billion.Ĭordish will immediately lease back all the properties, and continue uninterrupted to own, control and manage all the gaming operations of the facilities. ![]()
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