Gaming and Leisure Properties completed the acquisition of three Live! casino properties from The Cordish Companies for $1.81bn.

Gaming and Leisure Properties, a real estate investment property trust, completed the acquisition of three Live! casino properties from The Cordish Companies, an international developer of large-scale, urban revitalization projects and entertainment districts, for $1.81bn. “We are delighted to add Live! Maryland to our portfolio, further diversify our roster of leading operators, and gain additional access to the rapidly growing Baltimore-Washington corridor via a truly world-class property. Further, our new lease with Cordish has strong rent coverage and is part of an accretive overall transaction that positions our company to continue to build value for shareholders through via our industry leading, high quality tenant roster,” Peter Carlino, GLPI Chairman and CEO.