Gaming and Leisure Properties Forms Joint Venture With Prologis to Develop Former Hollywood Casino Joliet Site

10:39 AM EDT, 10/28/2026 (MT Newswires) -- Gaming and Leisure Properties (GLPI) said Wednesday it has formed a joint venture with Prologis (PLD) to develop the former Hollywood Casino Joliet site in Illinois. Gaming and Leisure will contribute the 262-acre parcel to the joint venture, while Prologis plans to develop the site into a modern class A warehouse and distribution park, targeted to have five building structures totaling more than 3.8 million square feet, according to a statement. The project is expected to be developed in three phases over five years, with Prologis holding options over the development of phases two and three, Gaming and Leisure said. Financial terms of the joint venture were not disclosed. Price: 38.59, Change: -0.22, Percent Change: -0.57