Penn National Closes Greektown Purchase

Sun, May 26, 2019

Penn National and real estate investment trust VICI Properties were expected to close on the $1 billion purchase of Jack Entertainment's Greektown Casino-Hotel in downtown Detroit May 23. Penn National will acquire Greektown operations for $300 million VICI will buy the casino's real estate for $700 million, then lease it to a Penn National subsidiary.

Penn National Closes Greektown Purchase

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