Belle Of Baton Rouge Casino Wiki
WFC 9 took place Saturday, July 20, 2013 with 8 fights at Belle of Baton Rouge Casino & Hotel in Baton Rouge, Louisiana. View fight card, video, results, predictions, and news. Gaming and Leisure Properties, Inc. Is a real estate investment trust (REIT) specializing in casino properties, based in Wyomissing, Pennsylvania.It was formed in November 2013 as a corporate spin-off from Penn National Gaming.The company owns 44 casino properties, and operates two of them. Aboard the Belle of Baton Rouge riverboat casino, you'll find more than 850 action-packed slots, video poker, Keno machines and an array of table games.
| Public | |
| Traded as | NASDAQ: GLPI Russell 1000 Component |
|---|---|
| Founded | November 1, 2013; 6 years ago |
| Headquarters | Wyomissing, Pennsylvania , |
| Revenue | $1.1 billion[1] (2018) |
| $340 million[1] (2018) | |
| Total assets | $8.6 billion[1] (2018) |
| 644[2] (2018) | |
| Website | glpropinc.com |
Gaming and Leisure Properties, Inc. is a real estate investment trust (REIT) specializing in casino properties, based in Wyomissing, Pennsylvania. It was formed in November 2013 as a corporate spin-off from Penn National Gaming. The company owns 44 casino properties, and operates two of them.
- 2Properties
- 2.4Leased to Penn National Gaming
History[edit]
The company was created as a corporate spin-off from Penn National Gaming, effective November 1, 2013.[3] The corporate breakup was designed to increase investor returns by taking advantage of the lack of federal income taxes on REITs.[4]
In November 2013, GLPI agreed to finance a proposed billion-dollar casino in Milford, Massachusetts,[5] but the project was killed days later when town voters rejected the casino.[6]
In January 2014, the company acquired the real estate assets of the Casino Queen in East St. Louis, Illinois for $140 million, and leased them back to the casino's operating company for $14 million a year. GLPI also loaned $43 million to the casino.[7]
The company's Argosy Casino in Sioux City, Iowa was forced to close in July 2014, and GLPI then sold the casino's real estate.[8]
In May 2014, GLPI agreed to buy The Meadows Racetrack and Casino in western Pennsylvania from Cannery Casino Resorts for $465 million. The company said it would sell the facility's license to a third-party operator, while retaining ownership of the land and buildings.[9] The deal ran into trouble, with GLPI filing a lawsuit accusing Cannery of fraud in October 2014; the lawsuit was eventually settled with an agreement on a reduced purchase price of $440 million.[10]
After casino operator Pinnacle Entertainment announced its own plan in November 2014 to spin-off a REIT with the real estate assets of its 15 casinos,[11] GLPI approached Pinnacle with an offer to buy those assets, which it said would be simpler and faster than Pinnacle's plan.[12] Pinnacle did not respond to the offer, so GLPI went public with its offer in March 2015.[12] In July, the companies reached a deal for GLPI to buy 14 of Pinnacle's 15 properties for $4.75 billion in stock, and lease them back to Pinnacle, with rent starting at $377 million per year.[13] The acquisition was completed in April 2016.[14] GLPI also completed its purchase of The Meadows in September 2016 and sold the racetrack operation to Pinnacle for $138 million.[15][16]
In May 2015, GLPI agreed to finance the real estate portion of a proposed $650-million casino in New Bedford, Massachusetts,[17] but the plan was canceled months later after developers failed to secure the rest of the needed funding.[18]
In May 2017, GLPI purchased the real estate assets of Bally's Casino Tunica and Resorts Casino Tunica for a total of $83 million, while Penn National simultaneously acquired their operating assets.[19][20]
In October 2018, the company acquired the real estate of five casinos from Tropicana Entertainment for $964 million. The purchase was part of a three-way deal in which Eldorado Resorts simultaneously acquired Tropicana's operating business and leased the casinos from GLPI for a total of $88 million per year.[21]
Weeks later, GLPI completed a four-way deal that saw its two largest tenants combine into one, as Penn National acquired Pinnacle. GLPI also gained a new tenant in Boyd Gaming, which purchased the operations of three of Pinnacle's leased properties. In connection with the merger, GLPI acquired the real estate of Plainridge Park Casino from Penn National for $250 million, and lent $58 million to Boyd to acquire the real estate of Belterra Park.[22][23]
Properties[edit]
Gaming and Leisure Properties owns the following properties:[24]
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Owned and operated[edit]
- Hollywood Casino Baton Rouge — Baton Rouge, Louisiana
- Hollywood Casino Perryville — Perryville, Maryland
Leased to Boyd Gaming[edit]
- Ameristar Casino Hotel Kansas City — Kansas City, Missouri
- Ameristar Casino Resort Spa St. Charles — St. Charles, Missouri
- Belterra Casino Resort & Spa — Florence, Indiana
Leased to Eldorado Resorts[edit]
- Belle of Baton Rouge — Baton Rouge, Louisiana
- Tropicana Atlantic City — Atlantic City, New Jersey
- Tropicana Evansville — Evansville, Indiana
- Tropicana Laughlin — Laughlin, Nevada
- Trop Casino Greenville — Greenville, Mississippi
Leased to Penn National Gaming[edit]
Casinos[edit]
- Ameristar Casino Council Bluffs — Council Bluffs, Iowa
- Ameristar Casino Hotel East Chicago — East Chicago, Indiana
- Ameristar Casino Vicksburg — Vicksburg, Mississippi
- Ameristar Casino Resort Spa Black Hawk — Black Hawk, Colorado
- Argosy Casino Alton — Alton, Illinois
- Argosy Casino Riverside — Riverside, Missouri
- Boomtown Biloxi — Biloxi, Mississippi
- Boomtown Bossier City — Bossier City, Louisiana
- Boomtown New Orleans — Harvey, Louisiana
- Cactus Petes Resort Casino — Jackpot, Nevada
- 1st Jackpot Casino Tunica — Tunica Resorts, Mississippi
- Hollywood Casino Aurora — Aurora, Illinois
- Hollywood Casino Columbus — Columbus, Ohio
- Hollywood Casino Gulf Coast — Bay St. Louis, Mississippi
- Hollywood Casino Joliet — Joliet, Illinois
- Hollywood Casino Lawrenceburg — Lawrenceburg, Indiana
- Hollywood Casino St. Louis — Maryland Heights, Missouri
- Hollywood Casino Toledo — Toledo, Ohio
- Hollywood Casino Tunica — Tunica Resorts, Mississippi
- Horseshu Hotel and Casino — Jackpot, Nevada
- L'Auberge Casino & Hotel Baton Rouge — Baton Rouge, Louisiana
- L'Auberge Casino Resort Lake Charles — Lake Charles, Louisiana
- M Resort — Henderson, Nevada
- Resorts Casino Tunica — Tunica Resorts, Mississippi (closed)
- River City Casino — St. Louis, Missouri
Racinos[edit]
- Hollywood Casino at Charles Town Races — Charles Town, West Virginia
- Hollywood Casino at Penn National Race Course — Grantville, Pennsylvania
- Hollywood Casino Hotel & Raceway Bangor — Bangor, Maine
- Hollywood Gaming at Dayton Raceway — Dayton, Ohio
- Hollywood Gaming at Mahoning Valley Race Course — Austintown, Ohio
- The Meadows Racetrack and Casino — North Strabane Township, Pennsylvania
- Plainridge Park Casino — Plainville, Massachusetts
- Zia Park Casino Hotel & Racetrack — Hobbs, New Mexico
Leased to other companies[edit]
- Casino Queen — East St. Louis, Illinois
Former properties[edit]
- Argosy Casino Sioux City — Sioux City, Iowa
References[edit]
Belle Of Baton Rouge
- ^ abcForm 10-K: Annual Report (Report). Gaming and Leisure Properties. February 13, 2019. p. 38 – via EDGAR.
- ^Form 10-K: Annual Report (Report). Gaming and Leisure Properties. February 13, 2019. p. 22 – via EDGAR.
- ^Jamison Cocklin (November 2, 2013). 'Penn National forms spin-off company for tax breaks on real estate'. Youngstown Vindicator. Retrieved 2013-11-07.
- ^Dimitra Defotis (November 16, 2012). 'Penn National Gaming hits jackpot'. Barron's. Retrieved 2013-11-07.(subscription required)
- ^Bob Salsberg (November 16, 2013). 'Foxwoods Group Has Mass. Casino Finance Deal'. CBS Boston. AP. Retrieved 2014-05-18.
- ^Mark Arsenault; Ellen Ishkanian (November 19, 2013). 'Milford voters reject Foxwoods-backed casino plan'. Boston Globe. Retrieved 2014-05-18.
- ^'Gaming and Leisure Properties, Inc. closes acquisition of the real estate assets related to the Casino Queen in East St. Louis for $140 million' (Press release). Gaming and Leisure Properties. January 23, 2014. Retrieved 2014-05-18.
- ^Form 10-K: Annual Report (Report). Gaming and Leisure Properties. February 27, 2015. p. 37 – via EDGAR.
- ^Paul J. Gough (May 14, 2014). 'New Meadows owner has short history, familiar name, big growth plans'. Pittsburgh Business Times. Retrieved 2014-05-18.
- ^Howard Stutz (December 16, 2015). 'Legal matters resolved, GLPI acquires Cannery's Pittsburgh racetrack'. Las Vegas Review-Journal. Retrieved 2016-07-22.
- ^Howard Stutz (November 6, 2014). 'Pinnacle Entertainment plans to split off casinos into a REIT'. Las Vegas Review-Journal. Retrieved 2015-03-09.
- ^ abHoward Stutz (March 9, 2015). 'GLPI offers $4.1 billion for Pinnacle Entertainment's real estate'. Las Vegas Review-Journal. Retrieved 2015-03-09.
- ^Howard Stutz (July 21, 2015). 'Pinnacle, GLPI agree on $4.75B merger'. Las Vegas Review-Journal. Retrieved 2016-07-22.
- ^'Gaming and Leisure Properties, Inc. completes the previously announced acquisition of the real estate assets of Pinnacle Entertainment, Inc' (Press release). Pinnacle Entertainment. April 28, 2016. Archived from the original on August 22, 2016. Retrieved 2016-07-22.
- ^Paul J. Gough (March 30, 2016). 'Meadows license, gaming assets sold for $138M'. Pittsburgh Business Times. Retrieved 2016-07-22.
- ^Paul J. Gough (September 12, 2016). 'Meadows Casino now under new ownership'. Pittsburgh Business Times. Retrieved 2016-09-12.
- ^Mike Lawrence (May 4, 2015). 'New Bedford casino developer names big new partners, meets state financial deadline'. The Standard-Times. New Bedford, MA. Retrieved 2015-05-14.
- ^'Officials mull future after New Bedford casino plan scrapped'. Boston Herald. AP. July 24, 2015. Retrieved 2015-07-24.
- ^Form 10-Q: Quarterly Report (Report). Gaming & Leisure Properties. May 3, 2017. p. 8 – via EDGAR.
- ^Form 10-Q: Quarterly Report (Report). Penn National Gaming. May 3, 2017. p. 23 – via EDGAR.
- ^'Gaming and Leisure Properties, Inc. completes previously announced acquisition of the real estate assets of Tropicana Entertainment' (Press release). Gaming and Leisure Properties. October 1, 2018. Retrieved 2018-10-11 – via GlobeNewswire.
- ^'Gaming and Leisure Properties, Inc. announces completion of acquisitions and lease modifications to accommodate the acquisition of Pinnacle Entertainment, Inc. by Penn National Gaming, Inc' (Press release). Gaming and Leisure Properties. October 15, 2018. Retrieved 2018-10-16.
- ^Todd Prince (October 15, 2018). 'Penn National Gaming completes $2.8B acquisition of Pinnacle'. Las Vegas Review-Journal. Retrieved 2018-10-16.
- ^'Our Portfolio'. Gaming and Leisure Properties, Inc. Retrieved 2014-05-18.
External links[edit]
| Public | |
| Traded as | NYSE: AGSY |
|---|---|
| Industry | Gaming |
| Fate | acquired by Penn National Gaming |
| Founded | 1991 |
| Defunct | October 9, 2005 |
| Headquarters | Alton, Illinois |
Argosy Gaming Company was an Alton, Illinois based casino operator.
History[edit]
The company through the political connections of its chairman William F. Cellini received the first gambling license in Illinois in modern times. It began operations in September, 1991 with the opening of the Alton Belle Casino. Among the biggest initial investors was John Connors, brother of tennis champion Jimmy Connors, Illinois attorney and Democratic power-broker L. Thomas Lakin, as well as other influential St. Louis area businessmen. Jimmy Connors would later become a substantial investor with both brothers maintaining a 19 percent share after it went public.[1] It traded on the New York Stock Exchange under the ticker symbol 'AGSY. The company toyed with bankruptcy in the late 1990s with John Connors personally declaring Chapter 7 bankruptcy.
In November 2004, Penn National Gaming acquired it for $2.2 billion in cash creating the third largest casino operator in the United States.[2][3] The merger raised antitrust concerns because Penn National, which already owned Casino Rouge, would gain a monopoly on casinos in Baton Rouge.[4] In order to expedite approval for the merger from federal and state regulators, Penn National put the Argosy Baton Rouge up for sale.[5]Columbia Sussex agreed to buy the property for $150 million.[6]
Online casino games 250 free. Get up to €250 bonus plus 120 Free Spins. Usuallyoffer some of the biggest edges for the casino, so the smarter players tend to stick to table games.Free casino table games like American roulette or blackjack let you play online wherever you are. You don't have to drive miles to a nearest casino or jump on a plane to Macau. Online Table Games 101: Our Basic Overview and GuideEven though most people flock towards the slot machines at both land and online casinos,it is often said that the real players are at the tables.
Penn National and Argosy completed their merger in October 2005.[7]
Casinos[edit]
- Argosy Casino Alton - Alton, Illinois
- Belle of Baton Rouge formerly known as Argosy Baton Rouge
- Argosy Casino Riverside in Riverside, Missouri
- Argosy Lawrenceburg in Lawrenceburg, Indiana, now carrying the Hollywood brand
- Argosy Casino Sioux City in Sioux City, Iowa
- Argosy Empress Casino in Joliet, Illinois; Destroyed by fire on March 20th 2009. Rebuilt as Hollywood Casino Joliet
Belle Baton Rouge La
References[edit]
- ^International Directory of Company Histories, Vol. 21. St. James Press, 1998 (via fundinguniverse.com)
- ^Argosy Gaming to be acquired by Penn National Gaming - St. Louis Business Journal - November 3, 2004
- ^Timothy Boone; Chad Calder (November 5, 2004). 'Merger to unite BR casino ownership'. The Advocate – via NewsBank.
- ^'Preserving competition for casino services in Baton Rouge, Louisiana, FTC clears Penn Nationals purchase of Argosy Gaming' (Press release). Federal Trade Commission. July 27, 2005. Retrieved 2017-08-12.
- ^Timothy Boone (April 27, 2005). 'Argosy Casino put up for sale'. The Advocate. Baton Rouge, LA – via NewsBank.
- ^Jon Newberry (June 23, 2005). 'Columbia Sussex buying La. casino'. Cincinnati Post – via NewsBank.
- ^Tom Dochat (October 4, 2005). 'Penn National nets 3 casinos in Argosy Gaming deal'. The Patriot-News. Harrisburg, PA – via NewsBank.