Company announces key hire and management changes.

RENO, Nev., Oct. 15, 2025 /PRNewswire/ -- Strategic Gaming Management, LLC ("SGM") today announced the closing of its acquisition of Sunland Park Racetrack & Casino for $301 million. Immediately following closing, SGM sold the real property to Gaming and Leisure Properties, Inc. ( GLPI ) , in a sale-leaseback transaction.

The transaction, the third acquisition over the last two years, represents a transformational addition to the fast-growing portfolio of assets. J. Grant Lincoln, the Company's Founder and CEO, commented, "With the acquisition of Sunland, we are well on our way to our goal of being a scale operator of regional assets with rich histories, competitive moats, and very strong and loyal customer bases. We will continue to invest in our assets and thoughtfully grow our platform while continuing to pursue opportunities that meet our strategic plans. We welcome the incredible Sunland Park team to the Strategic family and look forward to many years of success together." Sunland Park is the leading property in the New Mexico Gaming and Racing ecosystem and offers 738 slots and 12 EGTs across 25,000 square feet of gaming space. The property includes a 1-mile Thoroughbred and Quarter Horse track with a 733-seat stadium and hosts the prestigious Sunland Park Derby. The property sits on approximately 157 acres.

In addition to today's closing, the Company announces Matthew Flandermeyer, former Chief Financial Officer of Golden Entertainment ( GDEN ), as CFO of Strategic Gaming Management effective immediately. J. Grant Lincoln noted, "Matt is a proven financial leader in the gaming industry who I have worked closely with in the past that brings us critical experience as we continue to grow." Mr. Flandermeyer will join Strategic from his family business ownership of fast-casual restaurants and taverns. Prior to being a business owner, Mr. Flandermeyer served as Chief Financial Officer of Golden Entertainment ( GDEN ) for nine years, responsible for all aspects of finance, business development, IT, compliance, legal, risk management and accounting functions for the Company, importantly overseeing the Company through profound stages of growth resulting in a public listing on NASDAQ.

Mr. Flandermeyer said, "To me, Strategic represents an incredible opportunity for growth which I clearly recognize from prior experience. I am excited to collaborate with Grant and the team, building on what they already have in place and contributing to the growth that lies ahead."

The Company also announces Fred Heinrich as President of Sunland Park effective immediately. Mr. Heinrich is the current General Counsel & Compliance Officer. In his expanded role, Mr. Heinrich will oversee operations and direct strategic aspects of the business. SGM Founder and CEO, J. Grant Lincoln said, "I am excited for Fred in his new role as it perfectly aligns with his capabilities and history at Sunland Park and am extremely pleased to have him guiding us in growing our Sunland property".

Mr. Heinrich noted, "I am really excited to work with Grant and the wonderful team that exists here at Sunland, as well as the surrounding communities in this new role. I am sure we can do remarkable things together and look forward to the next chapter for this storied property."

About Strategic Gaming Management, LLC

Strategic Gaming Management, LLC is a fast-growing operator of high-quality gaming assets in the Midwest and Mountain West, United States. The Company currently operates four properties in Nevada, South Dakota and New Mexico and Founded in 2009 by J. Grant Lincoln with the acquisition of Baldini's in Reno, Nevada. Prior to the acquisition of Baldini's and formation of Strategic Gaming Management, Mr. Lincoln, a thirty-five year industry veteran, was the founder and CEO of Century Gaming, who oversaw the Company through a period of explosive growth resulting in Century becoming the largest regional slot route operator with over 10,000 games and numerous acquisitions.

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SOURCE Strategic Gaming Management, LLC