Gaming And Leisure Properties To Acquire Real Property Assets Of Bally’S Two Rhode Island Assets For $1.0 Billion
Acquiring Company
Gaming and Leisure Properties
WyomissingWyomissingFinancial ServicesSoftwareReal EstateGamingFinancial ServicesSoftwareReal EstateGamingDescription
Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI” or “the Company”) announced today that it has entered into a binding term sheet with Bally’s Corporation (NYSE: BALY) (“Bally’s”) 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 – subject to customary regulatory approvals with Bally’s Twin River Lincoln Casino Resort 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 $1.0 billion and GLPI expects the transaction to be accretive to earnings upon closing in late 2022. GLPI intends to fund the transaction through a mix of debt, equity, and OP units.
Other recent acquisitions in Financial Services and Real Estate
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Jll Acquires Leading Real Estate Valuation Advisory Firm Metropolitan Valuation Services (July 6, 2022)
- Morningstar Completes Acquisition Of Wealth Management Platform Provider Praemium'S Uk And International Business (June 30, 2022)
- Clearlake Capital And Ta Associates Complete Acquisition Of Kofax (July 25, 2022)
- Meriplex Acquires Louisiana-Based Msp, Verma Systems (July 15, 2022)
- Redwood Trust Completes Previously Announced Acquisition Of Riverbend Lending (July 5, 2022)
- Fluence Acquires Sturnis365 For Collaborative Disclosure Management And Narrative Reporting (July 5, 2022)
Who to call at Gaming and Leisure Properties, and when
When Gaming and Leisure Properties changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Gaming and Leisure Properties raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Gaming and Leisure Properties, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Gaming and Leisure Properties. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment Gaming and Leisure Properties makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.