Bally’s Corporation (NYSE: 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.
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 $150 million payable by GLPI. These properties will be added to Bally’s Master Lease with GLPI and will have initial annual fixed rent of $12 million, subject to increases over time.
About Bally’s Corporation
Bally’s Corporation is a global casino-entertainment company with a growing omni-channel presence of Online Sports Betting and iGaming offerings. It currently owns and manages 14 casinos across 10 states, a horse racetrack in Colorado and has access to OSB licenses in 16 states. It also owns Gamesys Group, a leading, global, online gaming operator, Bally’s Interactive, a first-in-class sports betting platform, Monkey Knife Fight, the fastest growing daily fantasy sports site in North America, SportCaller, a leading, global B2B free-to-play game provider, and Telescope Inc., a leading provider of real-time fan engagement solutions.
