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Gaming and Leisure Properties Purchase Casino Queen

December 09, 2013

East St. Louis's Casino Queen has been purchased by Gaming and Leisure Properties Inc. The purchase was made on November 01, for $140 million. The purchasing company is a break off from Penn National Gaming Inc.

The casino has 1,155 gaming machines and 27 game tables. The casino floor is 38,000 square feet. There is also restaurants and a hotel with 157 guest rooms.

It is the first casino to be bought by the company. The purchase as seen as a way to have a casino in a strong gaming market.

Penn National will be the operating company of the casino. Rent will be paid to Gaming and Leisure.

Return to Illinois Casinos.

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