Gaming and Leisure Properties Scores First Non-Gaming Deal With Old Hollywood Casino Joliet Site

Casino landlord Gaming and Leisure Properties (NASDAQ: GLPI) said today it is entering a joint venture with Prologis (NYSE: PLD) pertaining to the redevelopment of the former Hollywood Casino Joliet site in Illinois. For Gaming and Leisure, one of the largest owners of casino real estate , the deal is its first joint venture and its first transaction outside of the gaming world. Prologis, the largest industrial real estate company in the world, wants to transition the old casino site into a distribution and warehouse hub.