LAS VEGAS – Oct. 20, 2025 – Global law firm Greenberg Traurig, LLP represented Strategic Gaming Management, LLC in the acquisition of a New Mexico property, Sunland Park Racetrack & Casino, for $301 million, utilizing financing through a sale-leaseback with Gaming and Leisure Properties, Inc. (GLPI).
The transaction represents Strategic Gaming Management’s third acquisition in the last two years. Opened in 1959, Sunland Park sits on approximately 157 acres and features a 25,000-square-foot gaming floor, offering 738 slots and 12 electronic gaming tables. It includes a 1-mile thoroughbred and quarter horse racetrack with a 733-seat stadium. The property also features a 600-person capacity ballroom, a simulcast wagering area, and a hotel, according to GLPI’s press release.
The Greenberg Traurig team that represented Strategic Gaming Management was led by Corporate Practice attorneys Michael J. Bonner, co-managing shareholder of the firm’s Las Vegas office, and Mike Shalmy. Other key team members included: G. Michelle Ferreira, executive vice president and co-chair of the global Tax Practice; Shareholders Chad D. Striker, Terence M. Dunleavy, Scott E. Fink, and David Edington; and Associate Brenden P. Dunleavy.