GLPI would remain the owner of the land and buildings associated with Belle of Baton Rouge after the transaction closes, it also became known. Caesars said Tuesday that under the terms of an amended lease agreement with GLPI, the Baton Rouge facility would be removed from the GLPI Master Lease, and the rent payments to the REIT would remain unchanged. (Casino Queen) for an undisclosed amount.Ĭaesars had a 15-year lease agreement with real estate investment trust Gaming and Leisure Properties (GLPI) for the riverboat casino. The company has entered into a definitive agreement to sell the Baton Rouge, Louisiana gambling venue to CQ Holding Company, Inc.
announced Tuesday that it would offload the Belle of Baton Rouge riverboat casino from its portfolio of properties.
