Bobby's Burger Palace

Gaming and Leisure Properties Announces Completion of Previously Announced Transactions

Retrieved on: 
Wednesday, December 29, 2021
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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!

Bobby's Burgers by Bobby Flay Expands to Two New Las Vegas Locations

Retrieved on: 
Monday, October 18, 2021
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LAS VEGAS, Oct. 18, 2021 /PRNewswire/ -- Acclaimed Chef Bobby Flay and Caesars Entertainment today announced plans to expand Flay's fast-casual brand, Bobby's Burgers, to two new locations on the Las Vegas Strip at Harrah's Las Vegas and Paris Las Vegas.

Key Points: 
  • LAS VEGAS, Oct. 18, 2021 /PRNewswire/ -- Acclaimed Chef Bobby Flay and Caesars Entertainment today announced plans to expand Flay's fast-casual brand, Bobby's Burgers, to two new locations on the Las Vegas Strip at Harrah's Las Vegas and Paris Las Vegas.
  • "Since the opening of our first Las Vegas location at Caesars Palace back in May, we've seen an incredible response to Bobby's Burgers and my twist on the American classic," said Flay.
  • The menu at the two new locations features Flay's original recipes including signature burgers, fries with delicious sauces and creamy milkshakes.
  • Paris Las Vegas will soon be home to Lisa Vanderpump's second Las Vegas venue, Vanderpump Paris, and an all-new Nobu restaurant and lounge.