“Penn National is excited to re-enter the strong Maryland gaming market and to once again operate Hollywood Casino Perryville, a property we developed in 2010. Penn National’s acquisition received final approval from the Maryland Lottery and Gaming Control Commission on May 27, 2021. Today, the Company entered into a lease with GLPI for the real estate assets associated with the facility, with annual rent of approximately $7.77 million. (GLPI: Nasdaq) (“GLPI”) to acquire the operations of Hollywood Casino Perryville for $31.1 million in cash. In December 2020, the Company entered into a definitive agreement with Gaming and Leisure Properties, Inc.
(PENN: Nasdaq)(“Penn National” or the “Company”) announced today that it has completed the previously announced acquisition of the operations of Hollywood Casino Perryville in Maryland. Accretive Acquisition Expands Penn National’s Regional Gaming and Omni-Channel Platform to 20th State
