RTTNews | Dec 15, 2020 07:10AM EST

07:09 Tuesday, December 15, 2020 (RTTNews.com) - Penn National Gaming, Inc. (PENN) has entered into a definitive agreement with Gaming and Leisure Properties, Inc. (GLPI) to acquire the operations of Hollywood Casino Perryville in Maryland for $31.1 million in cash. Also, Penn National will enter into a lease with GLPI for the real estate assets associated with the Hollywood Casino Perryville facility with annual rent of approximately $7.77 million.

"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," said Jay Snowden, President and CEO of Penn National.

Read the original article on RTTNews ( https://www.rttnews.com/3153761/penn-national-to-acquire-operations-of-hollywood-casino-perryville-quick-facts.aspx)

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