Business
STRATEGIC GAMING MANAGEMENT ANNOUNCES COMPLETION OF ACQUISITION OF SUNLAND PARK RACETRACK & CASINO FOR $301 MILLION
Company announces key hire and management changes. RENO, Nev., Oct. 15, 2025 /PRNewswire/ -- Strategic Gaming Management, LLC ("SGM") today announced the
About this update from Gaming And Leisure Properties, Inc.
[{"type":"text","content":"\n Company announces key hire and management changes.\n \n \n RENO, Nev., Oct. 15, 2025 /PRNewswire/ -- Strategic Gaming Management, LLC (\"SGM\") today announced the closing of its acquisition of Sunland Park Racetrack & Casino for $301 million. Immediately following closing, SGM sold the real property to Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (\"GLPI\"), in a sale-leaseback transaction.\n \n \n \n \n \n \n \n The transaction, the third acquisition over the last two years, represents a transformational addition to the fast-growing portfolio of assets. J. Grant Lincoln, the Company's Founder and CEO, commented, \"With the acquisition of Sunland, we are well on our way to our goal of being a scale operator of regional assets with rich histories, competitive moats, and very strong and loyal customer bases. We will continue to invest in our assets and thoughtfully grow our platform while continuing to pursue opportunities that meet our strategic plans. We welcome the incredible Sunland Park team to the Strategic family and look forward to many years of success together.\" Sunland Park is the leading property in the New Mexico Gaming and Racing ecosystem and offers 738 slots and 12 EGTs across 25,000 square feet of gaming space. The property includes a 1-mile Thoroughbred and Quarter Horse track with a 733-seat stadium and hosts the prestigious Sunland Park Derby. The property sits on approximately 157 acres.\n In addition to today's closing, the Company announces Matthew Flandermeyer, former Chief Financial Officer of Golden Entertainment, as CFO of Strategic Gaming Management effective immediately. J. Grant Lincoln noted, \"Matt is a proven financial leader in the gaming industry who I have worked closely with in the past that brings us critical experience as we continue to grow.\" Mr. Flandermeyer will join Strategic from his family business ownership of fast-casual restaurants and taverns. Prior to being a business owner, Mr. Flandermeyer served as Chief Financial Officer of Golden Entertainment (NASDAQ: GDEN) for nine years, responsible for all aspects of finance, business development, IT, compliance, legal, risk management and accounting functions for the Company, importantly overseeing the Company through profound stages of growth resulting in a public listing on NASDAQ.\n Mr. Flandermeyer said, \"To me, Strategic...