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Tag Archives: racetrack

US – Pinnacle Entertainment buys Meadows Racetrack from Gaming & Leisure Properties

Pinnacle Entertainment is buying Meadows Racetrack and Casino from Gaming and Leisure Properties for US$138m. Pinnacle will operate the Meadows’ gaming entertainment business and lease its underlying real property from GLPI in a triple net lease with initial annual rent of $25.5m (implying 1.9x rent coverage). On a trailing twelve month basis at February 29,…

Canada – Century Casinos opens Century Downs’ racetrack

Century Casinos has now opened the racetrack at its Century Downs Racetrack and Casino. Saturday April 25 marked the first horse race in Calgary in eight years. The 5.5 furlongs (1.1 kilometer) racetrack at Century Downs is hosting standard bred races throughout 2015 and starting fall 2016 thoroughbred and quarter horse races as well. The…