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.
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