{"id":7267,"date":"2024-06-04T05:48:53","date_gmt":"2024-06-04T05:48:53","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2024\/06\/04\/gaming-and-leisure-properties-glpi-invests-111m-in-queen-casino-and-entertainments-expansion\/"},"modified":"2024-06-04T05:48:53","modified_gmt":"2024-06-04T05:48:53","slug":"gaming-and-leisure-properties-glpi-invests-111m-in-queen-casino-and-entertainments-expansion","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2024\/06\/04\/gaming-and-leisure-properties-glpi-invests-111m-in-queen-casino-and-entertainments-expansion\/","title":{"rendered":"Gaming and Leisure Properties (GLPI) Invests $111M in Queen Casino and Entertainment\u2019s Expansion"},"content":{"rendered":"<div>\n<p>Gaming and Leisure Properties (GLPI) has announced a significant investment in its tenant, Queen Casino and Entertainment. GLPI will allocate $111 million to support the landside relocation and hotel renovation of The Belle in Baton Rouge, Louisiana. This ambitious project is slated for completion by September 2025.<\/p>\n<p>The total cost of the project will exceed $141 million. Despite ongoing construction, the casino will remain operational, except during the relocation of gaming equipment.<\/p>\n<p>Peter Carlino, GLPI Chairman and CEO, commented on the investment:<em> \u201cBuilding on the success of our landside move funding at The Queen Baton Rouge, we have agreed to provide funding for the hard costs related to Queen Casino &#038; Entertainment\u2018s landside move at The Belle.\u201d He added, \u201cQueen Casino &#038; Entertainment has proven its ability to leverage a fresh, new product to grow the overall gaming market and we expect this project to follow a similar path. We remain active in our efforts to expand our portfolio in the current environment and believe that transactions such as this further our reputation as the gaming landlord of choice.\u201d<\/em><\/p>\n<h2><strong>Operational and Financial Benefits<\/strong><\/h2>\n<p>GLPI will retain ownership of the new facility, while Queen Casino &#038; Entertainment will pay a 9% incremental rental yield on the development funding. These rental payments will commence one year after the initial fund disbursement on May 30, 2024.<\/p>\n<p>Terry Downey, CEO of Queen Casino and Entertainment, expressed satisfaction with the partnership: <em>\u201cWe are extremely pleased with the Queen\u2019s performance since its grand reopening in August 2023, thanks in large part to GLPI\u2019s partnership. Their depth of expertise and project management through the entire process have enabled us to exceed our financial, operational and customer-focused goals at the Queen.\u201d Downey also highlighted the future benefits, stating, \u201cAs we now turn our attention to The Belle, we look forward to realizing similar operational upside from this latest move landside. We appreciate GLPI\u2019s continued partnership in the growth of our business and look forward to providing our players with another fully refreshed casino destination.\u201d<\/em><\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/kats-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"Kats Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/12\/kats-casino-1.jpg.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/kats-casino\/\" title=\"Kats Casino\" target=\"_blank\" rel=\"nofollow noopener\">Kats Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong><strong>250% Extra + $125 Free Chip!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. 250% on 1st Deposit + $125 Free Chip<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/kats-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/gaming-and-leisure-properties-glpi-invests-111m-in-queen-casino-and-entertainments-expansion\/\">Gaming and Leisure Properties (GLPI) Invests $111M in Queen Casino and Entertainment\u2019s Expansion<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Gaming and Leisure Properties (GLPI) has announced a significant investment in its tenant, Queen Casino and Entertainment. GLPI will allocate $111 million to support the landside relocation and hotel renovation of The Belle in Baton Rouge, Louisiana. This ambitious project is slated for completion by September 2025. The total cost of the project will exceed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-7267","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/7267","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=7267"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/7267\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=7267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=7267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=7267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}