On Oct 15 2025, Strategic Gaming Management completed the acquisition of Sunland Park Racetrack & Casino for $301 million and immediately sold the real property to Gaming and Leisure Properties in a sale‑leaseback transaction, adding a high‑quality gaming asset to GLPI’s portfolio.
The Sunland Park property, located in New Mexico, features 738 slot machines, 12 electronic gaming terminals, a 25,000‑square‑foot gaming floor, a 1‑mile thoroughbred and quarter horse track, a 733‑seat stadium, and hosts the prestigious Sunland Park Derby. The property sits on approximately 157 acres.
Under the sale‑leaseback, GLPI will receive triple‑net lease payments from Strategic Gaming Management, providing a stable, predictable cash flow that aligns with GLPI’s core business model. The acquisition expands GLPI’s geographic footprint into the New Mexico market and diversifies its tenant mix.
The transaction adds to GLPI’s AFFO and long‑term yield generation, reinforcing its position as a leading gaming real‑estate investment trust.
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