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New Deal


Announced

Penn National Gaming to acquire Hollywood Casino Perryville from Gaming and Leisure Properties for $31m.

Financials

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Transaction Value£21m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Friendly

United States

Pending

Private

Majority

Domestic

gaming

Casinos and Gambling

Single Bidder

Synopsis

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Penn National Gaming, a regional gaming company, agreed to acquire Hollywood Casino Perryville, a firm that offers Vegas style gaming vibes in a friendly community atmosphere, from Gaming and Leisure Properties, a real estate investment trust, for $31m. “Penn National is excited to acquire the operations of Hollywood Casino Perryville, a property we developed in 2010, which will allow us to re-enter the strong Maryland gaming market and add a twentieth gaming jurisdiction to our leading nationwide footprint,” Jay Snowden, Penn National President and CEO.

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