NATIONAL Leisure and Gaming completed its $63.5 million acquisition of the Gaming Asset Management portfolio last week.
The GAM portfolio comprises the leasehold operations of seven western
This follows the settlement last month of NLG’s $80 million merger with the GSL Pub Operations Trust, part of the Grant Samuel Laundy Pub Fund.
NLG also announced its intention to complete the acquisition of the Iris Group’s leasehold hotel portfolio for $91 million. The Iris portfolio comprises nine western
NLG’s managing director Noel Phillips said the merger of GSL together with the GAM and Iris hotel portfolios has fast tracked NLG’s growth aspirations and positions the group as one of the country’s largest specialist hotel and gaming operators.
“Importantly, NLG’s portfolio now comprises diversified income streams and a geographic spread along the east coast of
Australian Property Journal
