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Gaming and Leisure Properties Purchase Casino Queen

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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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