PROVIDENCE, R.I., June 28, 2022 /PRNewswire/ -- Bally's Corporation (NYSE:BALY) today announced that it has entered into a binding term sheet with GLP Capital, L.P. ("GLP"), the operating partnership of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) ("GLPI"), to acquire the real property assets of Bally's two Rhode Island casino properties – Bally's Twin River Lincoln Casino Resort ("Lincoln") and Bally's Tiverton Casino & Hotel ("Tiverton") – subject to customary regulatory approvals, with Lincoln also subject to lender consent. Pursuant to the terms of the transaction, Bally's will immediately lease back both properties and continue to own, control, and manage all the gaming operations of the facilities on an uninterrupted basis. Total consideration for the acquisition is $1 billion.
Read more at prnewswire.comBally's Agrees To Sell Real Property Assets Of Two Rhode Island Properties To Gaming And Leisure Properties For $1 Billion
PR Newswire -
Tue Jun 28, 2022
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