Bally’s signs $1bn sale leaseback deal for Rhode Island casinos

| By Richard Mulligan
Bally’s Corporation has agreed to sell two more casino properties to Gaming and Leisure Properties (GLPI) in a sale-leaseback agreement worth $1bn.

The Bally’s Twin River Lincoln Casino Resort and Bally’s Tiverton Casino & Hotel properties in Rhode Island are being acquired by GLP Capital, the operating partnership of the gaming real estate investment trust.

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. It said the deal is subject to customary regulatory approvals, with Lincoln also subject to lender consent.

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