Operator News
US – Bally’s completes previously announced sale leaseback transaction with GLPI
By Phil - 5 April 2022
Bally’s Corporation (BALY), a global gaming, hospitality and entertainment company with a portfolio of casinos and resorts and online gaming businesses, today announced its completion of a previously announced real estate transaction with Gaming & Leisure Properties, Inc. (GLPI).
Bally’s and GLPI completed a sale-leaseback transaction relating to the Bally’s Quad Cities in Rock Island, IL and Bally’s Black Hawk in Black Hawk, CO casino properties for a cash purchase price of $150m payable by GLPI. These properties will be added to Bally’s Master Lease with GLPI and will have initial annual fixed rent of $12m, subject to increases over time.
