Bally’s agrees to sell Rhode Island real property assets in $1bn deal

Bally’s Corporation has entered into a $1bn sale-and-leaseback agreement for its Rhode Island real property assets. GLP Capital, the operating partnership of Gaming and Leisure Properties Inc (GLPI), will acquire the real property of Bally’s Twin River Lincoln Casino & Resort and Tiverton Casino & Hotel. Upon their sale, Bally’s will immediately lease back both properties and continue to own, control and manage all gam...