GAMING AND LEISURE PROPERTIES ENTERS INTO AGREEMENTS WITH PENN NATIONAL GAMING

WYOMISSING, Pa., March 27, 2020 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (GLPI or the Company), today announced that it has reached agreements with Penn National Gaming, Inc. (PENN: Nasdaq) (Penn National) wherein the Company will acquire the real estate assets of the Tropicana Las Vegas hotel and casino and the land for Penn Nationals Morgantown, Pennsylvania development in exchange for an aggregate non-cash rent payment of $337.5 million.