Columbus, OH — WENY.com is reporting that the Tioga Downs Casino Resort real estate assets have been sold to an investment trust.

In a statement, Tioga Downs parent company American Racing & Entertainment LLC said it sold the assets to Gaming and Leisure Properties Inc. for $175 million. After the transaction, American Racing & Entertainment will operate Tioga Downs Casino Resort under a lease agreement.

To read the full story, click here.