#GLPI

Seeking Alpha

Las Vegas reshuffle: Out with the Tropicana and in with the Oakland A's

The historic Tropicana Las Vegas casino and hotel property closed last week after 67 years in operation. The Tropicana was the most expensive Las Vegas resort built to date when it opened in April 1957. The closing of the Tropicana means that the only surviving property on the Las Vegas Strip from the 1950s is the Sahara. The land beneath the site…
Land-based
Las Vegas reshuffle: Out with the Tropicana and in with the Oakland A's
News-Daily

Another iconic Las Vegas Strip casino facing implosion

Las Vegas knows how to handle an exit. When many of its most famous casinos closed, they did not meet a wrecking ball or get dismantled piece by piece, they were imploded. That's a spectacular way to reduce a massive property to rubble while also putting on a show. It's also an event that happens so rarely that it's a major event. The last Las…
Land-based
Another iconic Las Vegas Strip casino facing implosion
Wild Casino
Seeking Alpha

Oakland A's move to Las Vegas is called a positive for some casino stocks (NYSE:BALY)

The Oakland A's Major League Baseball team is officially on the move to Las Vegas after the owners voted unanimously to approve the relocation of the team from the Bay Area. Earlier in the year, the A's had reached an agreement with Bally's (NYSE: BALY) to build a $1.5B, 30K-seat stadium on 35 acres of the Tropicana Las Vegas site. The stadium is…
Finance
Oakland A's move to Las Vegas is called a positive for some casino stocks (NYSE:BALY)
Reading Eagle

Gaming and Leisure Properties acquires land under Illinois Hard Rock Casino

Gaming and Leisure Properties Inc. has acquired the land associated with the Hard Rock Casino development project in Rockford, Ill., from an affiliate of 815 Entertainment LLC for $100 million. At the same time it acquired the land, Gaming and Leisure Properties entered into a 99-year ground lease with 815 Entertainment. The initial annual rent for…
Travel
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World Casino News

GLPI Has Acquired The Hard Rock Casino Rockford Land

On 30 August 2023, reputable real-estate investment company Gaming and Leisure Properties, Inc. (GLPI) acquired the land designated for the Hard Rock Casino development project in Rockford, Illinois from 815 Entertainment, the Illinois-based operator of the Hard Rock-branded casino. The acquisition reportedly worth $100.0 million is complemented…
Industry
GLPI Has Acquired The Hard Rock Casino Rockford Land
Review Journal

Oakland A’s Las Vegas ballpark update: Bally’s on hold

While many in Las Vegas are thrilled with the prospect of Major League Baseball arriving here by opening day of the 2028 season - even MGM Resorts International is talking about making the MGM Grand more welcoming to baseball fans - it seems one of the key entities in the process is in a holding pattern of its own making. Bally's Corp., based in…
Sports
Gambling News

Bally's to Launch Live Casino with Stakelogic Partnership in Rhode Island

Image Source: Shutterstock.com Bally's Corporation, a major player in the casino industry, has joined forces with Stakelogic, a leading supplier of live casino games, in an ambitious move to expand its online gaming operations. By collaborating with Stakelogic, Bally's plans to introduce a state-of-the-art live casino experience to the North…
Industry
Bally's to Launch Live Casino with Stakelogic Partnership in Rhode Island
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European Gaming

Which casinos have the biggest market share in the US?

We have basically two worlds when it comes to gambling in the US: traditional land-based operators like those famous in Vegas, and Atlantic City and abroad in places like Macau, for example, and online operators. Traditional casinos have a more steady form of business model, and comparing the evolution of these enterprises across time is easier as…
Industry
Which casinos have the biggest market share in the US?
wenatcheeworld.com

Two Key Las Vegas Strip Resorts Casinos Could Be Sold

Major deals appear to be coming on the Las Vegas Strip where a casino sale doesn't always mean a change in operators. In the past 12 months, the Las Vegas Strip has seen some massive deals, as MGM Resorts International (MGM) - Get Free Report bought the operating rights to the Cosmopolitan while it sold operating rights to Mirage to Hard Rock…
Land-based
Two Key Las Vegas Strip Resorts Casinos Could Be Sold
The Advocate

Belle of Baton Rouge casino plans $35 million move onto land, will create 200 jobs

The Belle of Baton Rouge is set to become the second local riverboat casino to move onto land after the Louisiana Gaming Control Board on Thursday unanimously approved the Belle's $35 million plan to relocate its gambling operations. The Belle will move the 16500-square-foot gambling floor into the casino atrium, operating 316 slot machines, 14…
Travel
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Bally's Tiverton Casino & Hotel announces completion of real estate transaction with GLPI

Bally's Corporation today announced that it has completed a real estate transaction with Gaming & Leisure Properties, Inc., in which the two firms sold and leased back the land and real estate assets of Bally's Tiverton Casino & Hotel in Tiverton, Rhode Island, and Bally's Hard Rock Hotel & Casino Biloxi in Biloxi, Mississippi. According to a press…
Land-based
Bally's Tiverton Casino & Hotel announces completion of real estate transaction with GLPI
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Bally's expects Tropicana Vegas acquisition to close in September; files Chicago casino application with Illinois regulator

Bally's Corporation is moving forward with two major projects in two different US states, which involve the Tropicana acquisition in Las Vegas, Nevada, and Chicago's first casino project, in Illinois. On the Nevada front, the company said it will, announced in April last year, at the end of September. Nevertheless, Bally's executives said in…
Land-based
Bally's expects Tropicana Vegas acquisition to close in September; files Chicago casino application with Illinois regulator
Yogonet

Penn Entertainment to bring Illinois riverboat casinos ashore; add hotel towers to Ohio's Hollywood Columbus and Nevada's M Resort

Penn Entertainment announced Monday that the company is set to pursue four new projects with an overall $850 million budget, including the relocation of its riverboat casinos in Aurora and Joliet, Illinois, to new land-based facilities. Additionally, the business is set to build a new hotel at Hollywood Columbus in Ohio, and a second hotel tower at…
Travel
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GLPI Interested in Buying Property on the Las Vegas Strip

Traditionally focused on regional casinos, GLPI is interested in acquiring a property on the Las Vegas Strip. [Image: Shutterstock.com] The CEO of Gaming and Leisure Properties Inc. (GLPI) said that, contrary to popular belief, he is interested in acquiring additional property on the Las Vegas Strip, if the right opportunity presents itself. In an…
Land-based
GLPI Interested in Buying Property on the Las Vegas Strip
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Bally's completes sale of Tropicana Las Vegas

Dover casino owner Bally's Corporation completed the acquisition of the Tropicana Las Vegas with Gaming & Leisure Properties, Inc. and PENN Entertainment, Inc. Bally's, GLPI and PENN completed the transaction of non-land assets of the Tropicana Las Vegas for a cash purchase price of $148 million, payable to GLPI. Bally's will lease the land…
Travel
iGaming Business

Bally’s moves onto Las Vegas Strip as Tropicana acquisition closes

The deal was initially announced in April 2021. Bally's will pay GLPI and Penn $148m for Tropicana's non-land assets associated with the casino, and will lease out the land beneath for an initial 50-year term, at an annual rate of $10.5m. The casino will be Bally's first property it will operate on the Las Vegas strip, and includes 1470 guest…
Land-based
Bally’s moves onto Las Vegas Strip as Tropicana acquisition closes
iGaming Brazil

Bally's finalizes purchase of Tropicana Las Vegas for $148 million

The Tropicana in Las Vegas has changed hands. Bally's Corporation has completed a $148 million agreement to purchase the resort's "non-land assets" from Penn Entertainment and Gaming & Leisure Properties (GLPI). The takeover deal was signed in April 2021, but after a lengthy process that included approval from the Nevada Gaming Control Board…
Travel
Bally's finalizes purchase of Tropicana Las Vegas for $148 million
Market Screener

Bally's Completes Previously Announced Acquisition of Tropicana Las Vegas

PROVIDENCE, R.I., Sept. 27, 2022 /PRNewswire/ -- Bally's Corporation (NYSE: BALY) today announced its completion of the previously announced acquisition of the Tropicana Las Vegas with Gaming & Leisure Properties, Inc. ("GLPI") and PENN Entertainment, Inc. ("PENN"). Bally's, GLPI and PENN completed the transaction relating to the acquisition of the…
Industry
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The Street

Las Vegas Strip Loses One Legendary Casino, Keeps Another (for Now)

Another domino on the Las Vegas Strip has fallen, and that's only the beginning since dominoes generally ripple, sometimes with unintended consequences. Many of the major moves on the Strip are connected. MGM Resorts (MGM) sold the Mirage to Hard Rock International and that led to it buying the Cosmopolitan. MGM likely planned those two moves, but…
Land-based
Review Journal

Tropicana resort on Las Vegas Strip acquired by Bally’s Corp.

Bally's Corp. has been cleared to close on its acquisition of the operations of the Tropicana resort on the Strip by the Nevada Gaming Commission. Following an hour-long hearing, commissioners on Thursday unanimously approved the Providence, Rhode Island, company's acquisition from Penn Entertainment Inc. for $308 million, first announced in April…
Land-based
Tropicana resort on Las Vegas Strip acquired by Bally’s Corp.
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US Casino Landlords Dominate 2022 US Property Sector

Casino real estate investment trusts (REITs) have surprised many industry experts with their inflation-hedging abilities. They have now become the only segment of the US property sector to post positive financials in 2022. casino REITs are better protected from inflation" On Friday, Hoya Capital research revealed that "casino REITs are better…
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US Casino Landlords Dominate 2022 US Property Sector
The Nevada Independent

Bally’s exec: Tropicana Las Vegas will be the company’s ‘western flagship’

More than a year after first announcing a deal to acquire the Tropicana Las Vegas, Bally's Corp. received preliminary approval from Nevada gaming regulators Wednesday to acquire the Rat Park-era hotel-casino in a $308 million transaction. Company officials told the Gaming Control Board in Las Vegas they plan to close the purchase by the end of the…
Gaming Authorities
Bally’s exec: Tropicana Las Vegas will be the company’s ‘western flagship’
The Street

Bally's Close to Making a Huge Las Vegas Strip Deal

In early August, Bally's Corp. (BALY) stock tumbled after the casino operator cut its 2022 revenue and EBITDA estimates due to weakness at its venue in Atlantic City. The company is now expecting 2022 EBITDA between $535 million and $550 million, down from its previous forecast between $560 million and $580 million. The company now expects sales…
Land-based
Bally's Close to Making a Huge Las Vegas Strip Deal
The Nevada Independent

Indy Gaming: Bally’s says it will close purchase of Tropicana Las Vegas next month

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz More than a year after announcing a deal…
Valentine's Day
Indy Gaming: Bally’s says it will close purchase of Tropicana Las Vegas next month
iNtergame

GLPI to acquire Bally's casinos for $1bn

The casinos are the Twin River Lincoln Casino Resort and the Tiverton Casino and Hotel and the deal is subject to customary regulatory approvals, with Lincoln also subject to lender consent. Pursuant to the terms of the transaction, Bally's will immediately lease back both properties and continue to own, control and manage all the gaming operations…
Travel
GLPI to acquire Bally's casinos for $1bn
The Street

A's Las Vegas Strip Move Just Became a Lot More Likely

Since the National Hockey League's Golden Knights began playing right on the Las Vegas Strip nestled between multiple MGM Resorts International (MGM) - Get MGM Resorts International Report properties, Sin City has become negotiating leverage for any team in the other major sports looking for a better stadium/arena deal. That's especially true for…
Land-based
A's Las Vegas Strip Move Just Became a Lot More Likely
KSDK

Downtown casino buys shuttered bar in Laclede's Landing

Big Daddy's owner Ryan Loeffler said he shuttered the bar in January 2021 and sold it a year later. ST. LOUIS - The parent company of the downtown Horseshoe St. Louis casino has purchased the closed restaurant Big Daddy's on the Landing, as its leader says it hopes to see more residential and office uses in the area. An entity tied to the casino in…
Travel
Downtown casino buys shuttered bar in Laclede's Landing
The Street

Controversial Las Vegas Strip Casino Operator May Make a Big Change

Las Vegas never stops changing. In recent months we've learned that MGM Resorts International will sell The Mirage to Hard Rock International while Rival Caesar's Entertainment (CZR) - Get Caesars Entertainment Inc Report plans to rebrand its Bally's property under its Horseshoe brand. That's, of course, because the actual Bally's Corporation…
Land-based
Controversial Las Vegas Strip Casino Operator May Make a Big Change
iGaming Business

GLPI completes acquisition of Philadelphia and Pittsburgh Live! casino properties

The double purchase formed part of a wider deal agreed in December last year, which also included the acquisition of the Live! Casino & Hotel Maryland, though this purchase is yet to complete. GLPI funded the two acquisitions by assuming $423.0m in debt, which has already been repaid, and by issuing approximately $137.0m of operating partnership…
Industry
GLPI completes acquisition of Philadelphia and Pittsburgh Live! casino properties
Gambling Insider

Live! Casino and Hotel Maryland sale completed

Gaming and Leisure Properties (GLPI) has completed the purchase of the land and real estate assets of Live! Casino and Hotel Maryland from The Cordish Companies for a total of $1.14bn. In addition to the land and real estate assets, the deal includes a partnership on future Cordish casino developments, as well as potential financing partnerships…
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Live! Casino and Hotel Maryland sale completed
The Street

Another Iconic Las Vegas Strip Casino Likely to Be Demolished

Las Vegas has always had a mixed relationship with its history. The city likes to evoke its classic past, but casino operators generally recognize that while people want pictures with nostalgic nods to the past like the classic Las Vegas sign, they generally don't want to stay in outdated "classic" hotel casinos. The city, of course, has its share…
Land-based
Another Iconic Las Vegas Strip Casino Likely to Be Demolished
Study Breaks

What Are the Best Gambling Stocks To Buy in 2021?

The gambling industry is a very fast-growing and profitable one. The best gambling stocks to buy in 2021 have been around for a while and offer the newest technological advances to their customers. This article will discuss these best gambling stocks and how real money slots online are connected to them, as well as the important things to keep in…
Strategy Guide
What Are the Best Gambling Stocks To Buy in 2021?
Trib Live

'Business as usual' after $1.8 billion transaction involving Westmoreland casino

After more than a year in operation, the Live! Casino Pittsburgh property at Westmoreland Mall is changing hands. In a $1.8 billion deal, Wyomissing-based Gaming and Leisure Properties in Berks County will acquire three properties owned by Baltimore-based The Cordish Cos., including Live! Casino & Hotel Maryland, Live! Casino & Hotel Philadelphia…
Travel
'Business as usual' after $1.8 billion transaction involving Westmoreland casino
Penn Bets

Cordish Selling Off And Leasing Back Its Live! Casinos

The Cordish Companies spent $850 million in recent years to build and open two casinos in Pennsylvania, and now it is selling them and its Maryland casino off through a $1.81 billion transaction with Gaming and Leisure Properties Inc. It is unlikely customers of the Live! Philadelphia or Live! Pittsburgh properties will notice anything different,…
Travel
Cordish Selling Off And Leasing Back Its Live! Casinos
Vegas Slots Online

GLPI is Acquiring Three Cordish Casinos in $1.81bn Deal

Gaming and Leisure Properties Inc. (GLPI), a real estate investment trust (REIT), has agreed to acquire three casino properties from The Cordish Companies in a deal worth $1.81bn. The Pennsylvania-based Penn National Gaming spin-off announced the deal on Monday. Cordish will pay a starting rent of $125m Following completion of the deal, Cordish…
Travel
GLPI is Acquiring Three Cordish Casinos in $1.81bn Deal
Larry Brown Sports

A's eyeing Las Vegas strip casino as site for their new stadium?

The Oakland Athletics could be going for the full Sin City experience if they do end up moving to Las Vegas. Contessa Brewer of CNBC reported Wednesday that the Athletics are eyeing the Tropicana on the Vegas strip as a possible site for a new stadium. Brewer adds that the golf course at Wynn Resort and a lot owned by Caesars Palace have also been…
Land-based
A's eyeing Las Vegas strip casino as site for their new stadium?
The Nevada Independent

How VICI Properties is quietly becoming landlord to the biggest casinos in Vegas

In the waning days of Caesars Entertainment's two-year bankruptcy reorganization, creditors struggled with a name for a new spin-off company taking ownership of 19 casinos that would control the land and lease the properties back to the operator. Consultants suggested Senatus Populusque Romanus, or SPQR, the term used for the government of ancient…
Travel
How VICI Properties is quietly becoming landlord to the biggest casinos in Vegas
St. Louis Today

Landlord for St. Louis casinos no longer has prominent lobbyist on payroll

JEFFERSON CITY - A prominent Missouri lobbyist is no longer representing a company that serves as a landlord to gambling casinos across the state. Until Monday, Steve Tilley, a close ally to Gov. Mike Parson, was listed on state ethics reports as registered to lobby on behalf of Gaming and Leisure Properties Inc. But, after being contacted about…
Travel
Landlord for St. Louis casinos no longer has prominent lobbyist on payroll
RiverBender

DraftKings At Casino Queen Now Offers CQ Rewards

EAST ST. LOUIS - Now available at DraftKings at Casino Queen in East St. Louis and Casino Queen Marquette in Marquette, Iowa is an expanded and comprehensive gaming and retail rewards program, that enhances player experiences at slots, gaming tables, restaurants, and more. The rewards program, CQ Rewards, is through CQ Holding Company,…
Sports
Casino News Daily

Hollywood Casino Baton Rouge Starts Work on Planned Relocation

Hollywood Casino Baton Rouge on Tuesday broke ground on a multi-million dollar project that will see the riverboat operation move onto dry land sometime next year. The casino is the first in Baton Rouge to take advantage of a 2018 law allowing Indiana's riverboat casinos to relocate on land. The relocation project kicked off with a starting budget…
NFL
Hollywood Casino Baton Rouge Starts Work on Planned Relocation
The Nevada Independent

Indy Gaming: Las Vegas left behind as Sands charts future in Macau, Singapore and online

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. Las Vegas Sands is on its way to becoming just Sands. The…
NFL
Indy Gaming: Las Vegas left behind as Sands charts future in Macau, Singapore and online
WTOP

7 Best Gambling Stocks to Buy

Analysts recommend these gambling stocks in 2021. The gambling industry has been one of the hardest hit by the pandemic in 2020, and casinos were especially affected during the economic shutdown. Destinations such as Las Vegas and Macao have had a particularly difficult struggle due to travel restrictions. At the same time, the pandemic accelerated…
Top and Best
7 Best Gambling Stocks to Buy
Baystreet

Five Gambling Stocks Investors are Increasing their Bets On

Investors are betting big on gambling stocks again. After taking a hit with the pandemic, the casino industry is set to come back strong. In fact, according to analysts at Research and Markets, the global gambling market is expected to grow at a CAGR of about 10.8% to $516.04 billion this year, as reported by Insider Money. In addition, according…
Finance
Five Gambling Stocks Investors are Increasing their Bets On
Markets Insider

Analyst Cuts Price Targets For Wynn, Las Vegas Sands As Macau Gaming Recovery Lags

Gambling stocks have been a mixed bag for investors in 2021 given uneven trends in U.S. casino gambling, online sports betting and iGaming, as well as a sluggish recovery in the Macau, China market. On Thursday, one analyst cut price targets for two gaming leaders that are being dragged down by Macau. The Analyst: Bank of America analyst Shaun…
Incidents
Analyst Cuts Price Targets For Wynn, Las Vegas Sands As Macau Gaming Recovery Lags
Baystreet

Investors are Betting Big on a Potentially Massive Casino Comeback

Investors are betting big on casino stocks again. Just months after the pandemic drained the industry, millions of gamblers are coming back. It's why, according to the American Gaming Association (AGA), that gross gaming revenue for the first quarter toped $11 billion. In fact, as reported by Casino.org, "Despite the virus certainly not behind the…
Finance
Investors are Betting Big on a Potentially Massive Casino Comeback
Salamanca Press

Convenience One of the More Important Factors Contributing to Growth of Online Gambling

PALM BEACH, Fla., July 7, 2021 /PRNewswire/ -- Online and mobile wagering has grown dramatically during the pandemic and is projected to continue to grow over the several years to come. With the growing use of the internet, the growth rate of online casinos has increased significantly. In addition, growing awareness of the latest technologies and…
Lottery
Convenience One of the More Important Factors Contributing to Growth of Online Gambling
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Baystreet

The Major Catalysts That Have Investors Rolling the Dice on Casino Stocks

Months after being docked by the pandemic, cruises are back out to sea. All after the Centers for Disease Control and Prevention allowed them to sail again with strict safety protocols, as noted by CNBC. "Royal Caribbean Cruises was the first cruise operator to sail a ship from a U.S. port since the beginning of the pandemic when its Celebrity Edge…
Finance
The Major Catalysts That Have Investors Rolling the Dice on Casino Stocks
Street Insider

Penn National Gaming Completes Acquisition of Hollywood Casino Perryville Operations

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here. Accretive Acquisition Expands Penn National's Regional Gaming and Omni-Channel Platform to 20th State WYOMISSING, Pa. & PERRYVILLE, Md.--(BUSINESS WIRE)-- Penn National Gaming, Inc. (PENN: Nasdaq)("Penn National" or the…
Industry
Gambling News

Tropicana Evansville Casino Opens 24/7 on Friday July 2

Tropicana Evansville will remain open for 24 hours a day, seven days a week, as of Friday, July 2, with all of its slot and table games available. After a year of adjusted hours due to the pandemic, Tropicana Evansville Casino will resume casino operations 24/7 on Friday, July 2. Tropicana Evansville Casino will open all of its table games and…
Travel
Tropicana Evansville Casino Opens 24/7 on Friday July 2
Stockhouse

As Pandemic Fears Fade, Gambling Stocks Betting on a Massive Comeback

With pandemic fears pulling back, casinos are wagering on a massive comeback. So far, it appears the industry is off to a good start, with U.S. commercial gaming revenue topping $11 billion in the first quarter of 2021, according to the American Gaming Association (AGA). "The revenue total marks a 4.1 percent increase over the industry's…
Covid
Casino Review

Bally’s to acquire Tropicana Las Vegas from GLPI

Bally's Corp is set to acquire the Tropicana Las Vegas from real estate investment trust Gaming and Leisure Properties in a $308m deal. The transaction is expected to close early next year. "Landing a preeminent spot on the Las Vegas Strip is a key step for us," George Papanier, Bally's president and CEO, said in a statement. Bally's - which is…
Travel
Bally’s to acquire Tropicana Las Vegas from GLPI
Review Journal

Tropicana Las Vegas owner reports solid first-quarter results

The 48 resort properties owned by Wyomissing, Pennsylvania-based Gaming and Leisure Properties Inc. are open and by next year more properties will be in the mix. Executives with GLPI, a gaming-focused real-estate investment trust affiliated with Penn National Gaming that is expected to become the new owner of the Tropicana on the Las Vegas Strip,…
Travel
Tropicana Las Vegas owner reports solid first-quarter results
Casino News Daily

Hollywood Casino Baton Rouge to Change Name when It Moves onto Dry Land

Hollywood Casino Baton Rouge will be rebranded as Casino Rouge when it moves onto dry land in February 2022, according to site plans presented last week by the casino's owner Gaming and Leisure Properties, Inc. (GLPI). The East Baton Rouge Parish Planning Commission is set to review the plans later today. Construction work on the relocation project…
Travel
Hollywood Casino Baton Rouge to Change Name when It Moves onto Dry Land
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