Gaming and Leisure Properties (GLPI) might be willing to invest beyond the company’s $175 million commitment to develop a baseball stadium on the site of Tropicana Las Vegas, according to one gaming analyst.
JMP Securities analyst Mitch Germain met with the top executives of the real estate investment trust (REIT) during the recent Global Gaming Expo in Las Vegas. He wrote in a research note published Oct. 16 that the company still had a positive view toward plans for a $1.5 billion, 33,000-seat ballpark that would serve as the home for the relocated Oakland A’s.
Germain said GLPI’s management “was enthusiastic about prospects for participation at the project in larger scale, above the original $175 million commitment.”
