Month: December 2024

American land-based casino operator Bally’s Corporation has announced the signing of a binding agreement that will see it offload its two properties in the eastern state of Rhode Island to Gaming and Leisure Properties Incorporated for $1 billion in cash.

The Providence-headquartered firm used an official Tuesday press release to assert that the arrangement involving its 83-room Bally’s Tiverton Casino and Hotel and even larger Bally’s Twin River Lincoln Casino Resort venues remains ‘subject to customary regulatory approvals’ as well as lender consent on the latter enterprise. The company also disclosed that it subsequently intends to lease back the operation of the Rhode Island pair from Gaming and Leisure Properties Incorporated under a …