Gaming and Leisure Properties to Acquire Two Properties for $1B
Gaming and Leisure Properties, Inc. (GLPI) signed a deal with Bally''s Corporation (BALY) to acquire its two Rhode Island casino properties worth $1 billion. Bally will immediately lease back both properties and will continue to maintain ownership and control of all the gaming operations of the facilities. Based in Wyomissing, Pennsylvania, Gaming and Leisure Properties is a real estate investment trust (REIT) specializing in casino properties. With a portfolio of 55 premier gaming assets geographically diversified across 17 states across the U.S., it is engaged in acquiring, financing, and owning real estate property to be leased to gaming operators in triple net lease arrangements.
Gaming and Leisure Properties to Acquire Two Properties for $1B
Gaming and Leisure Properties, Inc. (GLPI) signed a deal with Bally''s Corporation (BALY) to acquire its two Rhode Island casino properties worth $1 billion. Bally will immediately lease back both properties and will continue to maintain ownership and control of all the gaming operations of the facilities. Based in Wyomissing, Pennsylvania, Gaming and Leisure Properties is a real estate investment trust (REIT) specializing in casino properties. With a portfolio of 55 premier gaming assets geographically diversified across 17 states across the U.S., it is engaged in acquiring, financing, and owning real estate property to be leased to gaming operators in triple net lease arrangements.