WYOMISSING — Gaming and Leisure Properties Inc. has announced that it intends to acquire the real estate assets of Sunland Park Racetrack and Casino in New Mexico.

The transaction is valued at $183.8 million, and is expected to close on Oct.15.

The acquisition represents an expansion of Wyomissing-based Gaming and Leisure Properties’ relationship with Strategic Gaming Management LLC, an operator of domestic casino assets.

The transaction will add a fourth asset to Strategic Gaming’s existing triple-net master lease agreement with Gaming and Leisure Properties. Once completed, the annual lease will increase by 2 percent each year, according to a press release.

“Through our acquisition of Sunland Park, we are again diversifying our property portfolio, while again supporting the growth st

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