Pinnacle Entertainment will now lease Belterra Casino Resort from GLPI. Gaming and Leisure Properties owns Hollywood Casino Lawrenceburg and will continue to lease the property to Penn National Gaming. The combined company will end up owning 35 casinos and hotels across 14 states. The deal approved unanimously by both companies’ board of directors is an all-stock transaction. Gaming and Leisure Properties, Inc., and Pinnacle Entertainment jointly announced that they have entered into a definitive agreement under which GLPI will acquire substantially all of Pinnacle’s real estate assets. (Wyomissing, Pa.) – A company merger announced Tuesday means that Hollywood Casino Lawrenceburg and Belterra Casino Spa & Resort in Switzerland County real estate will be owned by the same company. The real estate at Belterra Casino Resort in Switzerland County could soon be owned under an agreement between Pinnacle Entertainment and Gaming and Leisure Properties, Inc.
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