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Completed for $301 Million Purchase of Sunland Park Hippodrome

Summary by diario.mx
Strategic Gaming Management, LLC (SGM) announced during the week the closing of its acquisition of Sunland Park Hippodrome and Casino for $301 million under a novel financial scheme. Immediately after closing, SGM sold the real estate to Gaming and Leisure Properties, Inc., in a later lease transaction (sale-leaseback). The financial structure of the transaction separates the ownership of the real estate from the operation of the gambling busine…

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Completed for $301 Million Purchase of Sunland Park Hippodrome

Strategic Gaming Management, LLC (SGM) announced during the week the closing of its acquisition of Sunland Park Hippodrome and Casino for $301 million under a novel financial scheme. Immediately after closing, SGM sold the real estate to Gaming and Leisure Properties, Inc., in a later lease transaction (sale-leaseback). The financial structure of the transaction separates the ownership of the real estate from the operation of the gambling busine…

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diario.mx broke the news in on Sunday, October 19, 2025.
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