Sunland Park assets to be sold to casino investment trust
Sunland Park assets to be sold to casino investment trust
Gaming and Leisure Properties, Inc. is paying $183.75 million for 157 acres, a casino and a racetrack
Updated: 5:37 PM MDT Oct 5, 2025
Editorial Standards
The real estate assets of the Sunland Park Racetrack and Casino are about to be bought by Gaming and Leisure Properties, Inc., a Pennsylvania-based real estate investment trust that specializes in casinos.GLPI will pay $183.75 million for the Sunland Park assets, with a scheduled closing date of Oct. 15. Included in those assets are 157 acres and a casino in a 25,00 square foot gaming floor, a one-mile thoroughbred and quarter horse racetrack with a 733-seat stadium, a 60-person ballroom and a 78-room third-party hotel. The property also has enough land to accommodate expansion and “performance uplift opportunities,” according to a GLPI news release.”Through the acquisition of Sunland Park, we are again diversifying our property portfolio, while again supporting the growth strategy of an existing tenant, as we deepen our relationship with Strategic Gaming, a dynamic and growing gaming operator,” said Peter Carlino, GLPI’s chairman and CEO. “This accretive transaction further strengthens GLPI’s reputation as the gaming landlord of choice.”
The real estate assets of the Sunland Park Racetrack and Casino are about to be bought by Gaming and Leisure Properties, Inc., a Pennsylvania-based real estate investment trust that specializes in casinos.
GLPI will pay $183.75 million for the Sunland Park assets, with a scheduled closing date of Oct. 15. Included in those assets are 157 acres and a casino in a 25,00 square foot gaming floor, a one-mile thoroughbred and quarter horse racetrack with a 733-seat stadium, a 60-person ballroom and a 78-room third-party hotel.
The property also has enough land to accommodate expansion and “performance uplift opportunities,” according to a GLPI news release.
“Through the acquisition of Sunland Park, we are again diversifying our property portfolio, while again supporting the growth strategy of an existing tenant, as we deepen our relationship with Strategic Gaming, a dynamic and growing gaming operator,” said Peter Carlino, GLPI’s chairman and CEO. “This accretive transaction further strengthens GLPI’s reputation as the gaming landlord of choice.”
link
