![]() ![]() Total consideration for the acquisition is $1.0 billion, and GLPI expects the transaction to close in late 2022, according to a press release. Under terms of the transaction, Bally’s will immediately lease back both properties and continue to own, control and manage all gaming operations on the facilities. The Wyomissing-based real estate investment trust (REIT) has entered into a binding term sheet with Bally’s to acquire the real property assets, subject to customary regulatory approvals, with the Lincoln also subject to lender consent. for $1 billion, the parties announced on Tuesday. Gaming and Leisure Properties Inc., a spinoff of Penn National Gaming Inc., is acquiring two Rhode Island casino properties – Bally’s Twin River Lincoln Casino Resort and Bally’s Tiverton Casino & Hotel – from Bally’s Corp.
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