The Cordish Companies

2021 Sale Leaseback Volume Climbs 92%

Retrieved on: 
Wednesday, March 23, 2022

NEW YORK, March 23, 2022 /PRNewswire/ -- The latest quarterly sale leaseback market update, compiled and published by SLB Capital Advisors, a sale leaseback advisory firm, showed markedly higher deal volume during 2021.

Key Points: 
  • "Private equity firms and corporates turned to sale leasebacks at an increasing rate in 2021," said SLB Managing Partner Scott Merkle.
  • In 2018 and 2019, industrial properties contributed 41-42% of overall sale leaseback activity.
  • Over the last two years, partially driven by headwinds in the office and retail sectors, industrial ticked up to comprise 54% and 48% in 2020 and 2021, respectively, of all sale leaseback activity.
  • SLB Partner Stephen Cheng commented "Sale leaseback activity in 2021 was broad-based across property types, with large transactions in industrial, office and retail, plus more specialized areas like gaming and behavioral healthcare.

Gaming and Leisure Properties, Inc. Enters into Triple Net Master Lease with Affiliates of The Cordish Companies for the Pennsylvania Live! Properties

Retrieved on: 
Wednesday, March 2, 2022

Pittsburgh) from The Cordish Companies (Cordish) for total consideration ofapproximately $674 million.

Key Points: 
  • Pittsburgh) from The Cordish Companies (Cordish) for total consideration ofapproximately $674 million.
  • Simultaneous with the closing of the transaction, Gaming and Leisure Properties entered into a master lease with Cordish, pursuant to which Cordish will continue its uninterrupted ownership, control and management of the operations of Live!Philadelphia and Live!
  • Peter Carlino, Chairman and CEO of Gaming and Leisure Properties commented, We are delighted to add the Live!
  • Pennsylvania propertiesto our portfolio and expand our presence in the attractive Pennsylvania market with truly world-class properties.

THE CORDISH COMPANIES CELEBRATES FIRST ANNIVERSARY OF LIVE! CASINO & HOTEL PHILADELPHIA; CONTRIBUTES MORE THAN $325 MILLION TO LOCAL AND STATE ECONOMY

Retrieved on: 
Thursday, February 10, 2022

Casino & Hotel Philadelphia, the world-class gaming, hotel, dining and entertainment destination located in the heart of the Philadelphia Stadium District, announcing contributions of more than $325 million to the local and state economies.

Key Points: 
  • Casino & Hotel Philadelphia, the world-class gaming, hotel, dining and entertainment destination located in the heart of the Philadelphia Stadium District, announcing contributions of more than $325 million to the local and state economies.
  • The festivities included an official proclamation from the City of Philadelphia declaring the anniversary date of February 11 as Live!
  • In gaming, The Cordish Companies has developed among the most successful casino hotel resorts in the world including the Hard Rock Hotel & Casino Hollywood, Hard Rock Hotel & Casino Tampa and Live!
  • "The Cordish Companies," "The Cordish Company" and "Cordish" are trademarks used under license by independent corporations, legal liability companies and partnerships ("Cordish Entities").

Fubo Gaming Secures Market Access for Mobile Sports Betting in Mississippi, Louisiana and Missouri

Retrieved on: 
Thursday, February 10, 2022

The agreements provide statewide mobile access for sports betting, with the launch of Fubo Sportsbook subject to obtaining requisite regulatory approvals and, in certain jurisdictions, enactment of legislation.

Key Points: 
  • The agreements provide statewide mobile access for sports betting, with the launch of Fubo Sportsbook subject to obtaining requisite regulatory approvals and, in certain jurisdictions, enactment of legislation.
  • Fubo Gaming launched Fubo Sportsbook in the fourth quarter 2021 and is live in two states: Iowa and Arizona.
  • Launched in 2021, Fubo Gaming Inc. is a Chicago-based subsidiary of live TV streaming platform fuboTV Inc. (NYSE: FUBO), and developer and distributor of Fubo Sportsbook.
  • Fubo Gaming Inc., a subsidiary of fuboTV Inc., launched Fubo Sportsbook, a next-generation mobile sportsbook purpose-built to integrate with fuboTV, in 2021.

Cleveland Cavaliers and Fubo Gaming Announce Ohio Market Access Agreement

Retrieved on: 
Tuesday, February 8, 2022

The Cleveland Cavaliers and Fubo Gaming, a subsidiary of fuboTV Inc. (NYSE: FUBO) today announced a market access agreement, making Fubo Sportsbook an Official Mobile Sports Betting Partner of the team when the sportsbook launches in Ohio, pending requisite regulatory approvals.

Key Points: 
  • The Cleveland Cavaliers and Fubo Gaming, a subsidiary of fuboTV Inc. (NYSE: FUBO) today announced a market access agreement, making Fubo Sportsbook an Official Mobile Sports Betting Partner of the team when the sportsbook launches in Ohio, pending requisite regulatory approvals.
  • Fubo Gaming launched Fubo Sportsbook in the fourth quarter 2021 and is live in two states: Iowa and Arizona.
  • The opportunity to enter the Ohio sports betting market with the Cavaliers as our partner is a major step forward for Fubo, said Scott Butera, president, Fubo Gaming.
  • Fubo Gaming has also entered into market access agreements in Indiana and New Jersey via Caesars Entertainment, Inc., Ohio via the NBA Cleveland Cavaliers, Pennsylvania via The Cordish Companies, and Texas via The Houston Dynamo Football Club.

THE CORDISH COMPANIES PROMOTES TWO KEY EXECUTIVES IN GAMING DIVISION TO DRIVE CONTINUED GROWTH AND EXPANSION OF LIVE! CASINO BRAND

Retrieved on: 
Wednesday, February 2, 2022

BALTIMORE, Md., Feb. 2, 2022 /PRNewswire/ --The Cordish Companiestoday announced two key executive appointments to Cordish Gaming Group, the company's gaming division.

Key Points: 
  • BALTIMORE, Md., Feb. 2, 2022 /PRNewswire/ --The Cordish Companiestoday announced two key executive appointments to Cordish Gaming Group, the company's gaming division.
  • Casino brand, which is poised for significant growth following The Cordish Companies' recently completed strategic partnership with Gaming and Leisure Properties Inc.
  • The Cordish Companies has developed among the most successful casino entertainment resorts in the United States including Hard Rock Hotel & Casino Hollywood, FL, Hard Rock Hotel & Casino in Tampa, FL, and Live!
  • "The Cordish Companies," "The Cordish Company" and "Cordish" are trademarks used under license by independent corporations, legal liability companies and partnerships ("Cordish Entities").

HOUSTON DYNAMO FOOTBALL CLUB TEAMS WITH FUBO GAMING IN GROUNDBREAKING PARTNERSHIP

Retrieved on: 
Thursday, January 20, 2022

HOUSTON and CHICAGO, Jan. 20, 2022 (GLOBE NEWSWIRE) -- The Houston Dynamo Football Club today announced a long-term partnership with Fubo Gaming , a subsidiary of live TV streaming platform fuboTV (NYSE: FUBO).

Key Points: 
  • HOUSTON and CHICAGO, Jan. 20, 2022 (GLOBE NEWSWIRE) -- The Houston Dynamo Football Club today announced a long-term partnership with Fubo Gaming , a subsidiary of live TV streaming platform fuboTV (NYSE: FUBO).
  • Photos of Houston Dynamo FC players wearing fuboTV-branded training tops (Credit: Houston Dynamo FC)
    B-Roll of Houston Dynamo FC players wearing fuboTV-branded training tops (Credit: Houston Dynamo FC)
    In conjunction with this agreement, Fubo Gaming inked a multi-year market access deal with the Club, pending legislation passing in the State of Texas to legalize sports betting.
  • Partnering with the Houston Dynamo Football Club for market access in Texas is a major milestone for Fubo, said Scott Butera, president, Fubo Gaming.
  • The Houston Dynamo Football Club is a multi-faceted organization that includes Houston Dynamo FC, the Houston Dash, Houston Dynamo Academy, Houston Dynamo FC e-sports team, Dynamo Dash Youth, Club affiliates, and the Clubs supporters.

The Cordish Companies Announces Major Expansion of Spark Coworking - Spark Flex

Retrieved on: 
Wednesday, January 12, 2022

"We are thrilled to have the Spark Flex Expansion join the growing downtown ecosystem."

Key Points: 
  • "We are thrilled to have the Spark Flex Expansion join the growing downtown ecosystem."
  • Spark Baltimore recently completed its 5th major expansion which grew the footprint of its anchor member, Fearless, a digital services firm, from 17,000 to over 27,000 square feet across multiple floors of the Spark coworking space.
  • "The Cordish Companies," "The Cordish Company" and "Cordish" are trademarks used under license by independent corporations, legal liability companies and partnerships ("Cordish Entities").
  • Spark is located in three up-and-coming startup hubs: Spark Baltimore in Baltimore, Maryland, Spark Kansas City in Kansas City, Missouri and Spark St. Louis in St. Louis, Missouri.

Gaming and Leisure Properties Announces Completion of Previously Announced Transactions

Retrieved on: 
Wednesday, December 29, 2021

WYOMISSING, Pa., Dec. 29, 2021 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (the “Company”), today announced the completion of its previously announced transaction to acquire the land and real estate assets of Live! Casino & Hotel Maryland (“Live! Maryland”) from The Cordish Companies (“Cordish”) for total consideration of $1.14 billion. The transaction includes not only the land and real estate assets of Live! Maryland, but also a partnership on future Cordish casino developments, as well as potential financing partnerships between GLPI and Cordish in other areas of Cordish's portfolio of real estate and operating businesses. The Company funded the transaction by assuming approximately $363 million in debt, which the Company intends to repay by the end of 2021, and issuing approximately $200 million of operating partnership units (4.35 million total units), with the balance paid out of cash on hand, which was in part generated by its recent issuance of senior unsecured notes and common stock.

Key Points: 
  • Casino & Hotel Maryland
    WYOMISSING, Pa., Dec. 29, 2021 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (the Company), today announced the completion of its previously announced transaction to acquire the land and real estate assets of Live!
  • The Company also completed on December 17, 2021, the previously announced sale of the operations of Hollywood Casino Baton Rouge to Casino Queen Holding Company (Casino Queen) for total cash consideration of $28.2 million.
  • The Company remains on track to complete its previously announced acquisition of the real property assets of Live!
  • Maryland by December 31, 2021; GLPIs ability to successfully consummate the announced transactions for the real property assets of Live!

Fubo Sportsbook Officially Launches in Arizona

Retrieved on: 
Monday, December 20, 2021

Fubo Gaming, a subsidiary of leading sports-first live TV streaming platform fuboTV Inc. (NYSE: FUBO), today announced the launch of Fubo Sportsbook in Arizona, marking the second state in which the market-defining sportsbook is available.

Key Points: 
  • Fubo Gaming, a subsidiary of leading sports-first live TV streaming platform fuboTV Inc. (NYSE: FUBO), today announced the launch of Fubo Sportsbook in Arizona, marking the second state in which the market-defining sportsbook is available.
  • Im very proud of how quickly the Fubo Gaming team has brought Fubo Sportsbook to market: from our announcement to expand into online sports wagering to the launch of Fubo Sportsbook in Arizona, our second state, all in the same year.
  • Launched in 2021, Fubo Gaming Inc. is a Chicago-based subsidiary of live TV streaming platform fuboTV Inc. (NYSE: FUBO), and developer and distributor of Fubo Sportsbook.
  • Fubo Gaming Inc., a subsidiary of fuboTV Inc., launched Fubo Sportsbook, a next-generation mobile sportsbook purpose-built to integrate with fuboTV, in 2021.