Gaming and Leisure Properties (GLPI) is standing on third base, but there are two outs in the bottom of the ninth and it is waiting for someone to drive the company in as the winning run in the deal to bring the Oakland A’s to Las Vegas.
Peter Carlino, CEO of the real estate investment trust (REIT), doesn’t want to be left stranded.
It’s been more than a week since GLPI and Bally’s Corp. announced they would give the Major League Baseball franchise 9 acres to build a $1.5 billion, 30,000-seat retractable roof stadium near the Tropicana Las Vegas. Bally’s operates the resort.
