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Bally’s to sell Rhode Island casino property assets for $1bn

29th June 2022 10:14 am GMT

New York-listed gaming operator Bally's Corporation has agreed a deal to sell the real property assets of its two Rhode Island casino properties to Gaming and Leisure Properties (GLPI) for $1bn.

GLPI has entered into a binding term sheet to acquire the real property assets of Bally's Twin River Lincoln Casino Resort and Bally's Tiverton Casino & Hotel, subject to customary regulatory approvals, with the Lincoln venue also subject to lender consent.

Bally's will immediately lease back [...]

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