Gaming and Leisure Properties Inc. (GLPI) recently announced the acquisition of a Hard Rock Casino project in Atlantic City, New Jersey. The purchase marks the latest move by the real estate investment trust (REIT) to expand its portfolio of gaming and leisure properties.

The Hard Rock Casino project is located on the Boardwalk in Atlantic City and is expected to open in 2021. The casino will feature a variety of gaming options, including slots, table games, and sports betting. The property will also include a hotel, restaurants, and retail outlets.

The acquisition of the Hard Rock Casino project is part of GLPI’s strategy to diversify its portfolio and expand its presence in the gaming and leisure industry. The REIT currently owns and operates more than 40 gaming and leisure properties across the United States, including casinos, racetracks, and off-track betting facilities.

The acquisition of the Hard Rock Casino project is expected to provide GLPI with a number of benefits. First, it will give the REIT access to a new market in Atlantic City, which has long been a popular destination for gaming and entertainment. Additionally, the project is expected to generate significant revenue for GLPI as it will be one of the largest casinos in the region.

GLPI’s acquisition of the Hard Rock Casino project is an important step in its growth strategy. The REIT is committed to expanding its portfolio of gaming and leisure properties and this acquisition will help it achieve that goal. With the addition of the Hard Rock Casino project, GLPI will be well-positioned to capitalize on the growing demand for gaming and leisure properties in the United States.