{"id":100375,"date":"2024-02-15T07:50:35","date_gmt":"2024-02-15T12:50:35","guid":{"rendered":"http:\/\/www.owegopennysaver.com\/PS\/?p=100375"},"modified":"2024-02-15T07:50:35","modified_gmt":"2024-02-15T12:50:35","slug":"american-racing-operations-at-tioga-downs-continue-to-be-managed-by-amer","status":"publish","type":"post","link":"http:\/\/www.owegopennysaver.com\/PS\/2024\/02\/15\/american-racing-operations-at-tioga-downs-continue-to-be-managed-by-amer\/","title":{"rendered":"American Racing &#038; Entertainment, LLC announces sale of Tioga Downs Casino Resort\u2019s Real Estate Assets to Gaming and Leisure Properties; Operations at Tioga Downs continue to be managed by American Racing &#038; Entertainment"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">American Racing &amp; Entertainment, LLC (\u201cARE\u201d or the \u201cCompany\u201d), owner and operator of Tioga Downs Casino Resort located in Nichols, N.Y., and Vernon Downs Casino Hotel located in Vernon, N.Y. recently announced it has sold the real estate assets of Tioga Downs to Gaming and Leisure Properties, Inc. for $175 million. GLPI is a real estate investment trust focused on passively owning real estate property that is leased to gaming operators.&nbsp;&nbsp;<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Following the closing of the Transaction, ARE will lease the real estate assets of Tioga Downs from GLPI.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The Transaction has no impact on Tioga Downs\u2019 operations as ARE maintains full control of the operations. Additionally, there will be no changes to the customer experience or to Tioga Downs\u2019 employees.&nbsp;&nbsp;<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Jeff Gural, CEO of ARE, commented, \u201cIt\u2019s business as usual at Tioga Downs, my team and I remain committed to our customers, employees and community. I will still be leading the management team and we will continue to provide the same level of customer service that Tioga Downs is known for.\u201d<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Gural added, \u201cMy family and I are committed to being active in this business for a long time with my son, Eric, playing a role beside me.\u201d<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">To learn more about Tioga Downs Casino and Resort, visit <a href=\"http:\/\/www.tiogadowns.com\" target=\"_blank\" rel=\"noopener\">www.tiogadowns.com<\/a>.&nbsp;<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>American Racing &amp; Entertainment, LLC (\u201cARE\u201d or the \u201cCompany\u201d), owner and operator of Tioga Downs Casino Resort located in Nichols, N.Y., and Vernon Downs Casino&#8230;<\/p>\n","protected":false},"author":5,"featured_media":89866,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-100375","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>American Racing &amp; 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