The Evansville property is 79,000 square feet in size and includes a 45,000 square-foot casino floor. The property will be leased back to Twin River for $12m a year, also subject to escalation. Part of the transaction also includes GLPI acquiring the real estate of a Twin River property in Dover, Delaware for $144m. GLPI will then lease it back to Twin River for $28m per year. (GLPI), a publicly traded gaming-focused real estate investment trust, will acquire the casino real estate for $340m. According to the details of the acquisition, Gaming and Leisure Properties, Inc. Twin River is not the only company involved in the deal. The transaction’s structure will allow Twin River to take over the property without a cash outlay.Īs part of the deal, Twin River will obtain the unencumbered rights to sports betting associated with the Evansville operations, along with the online gambling skins. Twin River Worldwide Holdings has announced an agreement with Caesars Entertainment to acquire the Tropicana Evansville Casino in Indiana for $140m.