GLPI raises bid for Pinnacle Entertainment's real estate

April 14, 2015 9:21 PM

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April 14 (Reuters) - Gaming and Leisure Properties Inc , which buys real estate leased to casino operators, has raised its bid for Pinnacle Entertainment Inc's real estate, the Wall Street Journal reported on Tuesday.

Gaming and Leisure Properties made an offer late last week, valuing Pinnacle at over $40 per share, which translates to about $2.4 billion, WSJ said citing people familiar with the matter. (on.wsj.com/1FGxfdl)

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