Casino Queen boasts a solid customer offering “with sports betting coming on, along with traditional gaming,” he concluded.Īccording to The Advocate, Louisiana Gaming Control Board chair Mike Noel noted that while owning multiple casino operations “in the same market” is not unusual, the Casino Queen’s latest deals may give rise to “questions we need to dig into.” Selling, relocating, keeping an interest Sports betting coming on, along with traditional gaming”Ĭasino Queen president and chief executive officer Terry Downey said the deal allows the company to grow its footprint across Baton Rouge. Casino monarch of Baton RougeĬasino Queen’s purchase of HCBR means it now owns two of the Louisiana capital’s three casinos, following its December 1 acquisition of the Belle of Baton Rouge from Caesars. Over the following two years, GLPI also holds the right of first refusal with Casino Queen for any other sale leaseback agreements under $50m.

The lease terms are 15 years with four five-year extensions. Louis property for initial cash rent of around $21.4m per year. GLPI also entered a master lease with both the HCBR facility and Casino Queen’s East St.

Under the reworked lease agreement, Wyoming-based real estate investment trust GLPI keeps the real estate for HCBR. The company is owned by Standard General, which either owns or is under contract to buy four casinos across three states to expand its sports wagering and casino operations. Louis, Illinois, and Casino Queen Marquette in Iowa. Casino Queen operates two Midwest riverboat casinos: DraftKings at Casino Queen in East St.

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