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American Racing & Entertainment sells Tioga Downs real-estate assets

American Racing & Entertainment (ARE) has sold the real-estate assets of Tioga Downs Casino Resort to Gaming and Leisure Properties Inc. for $175 million. ARE will continue to operate the venue. Photo credit: Tioga Downs/CNYBJ file photo

NICHOLS, N.Y. — Tioga Downs Casino Resort owner American Racing & Entertainment LLC (ARE) has sold the real-estate assets of the racing and gaming venue to Gaming and Leisure Properties, Inc., (NASDAQ: GLPI) for $175 million, ARE announced. GLPI is a real estate-investment trust focused on passively owning real-estate property leased to gaming operators. Following […]

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