M&A Deal Summary |
|
|---|---|
| Date | 2020-10-27 |
| Target | Dover Downs Hotel & Casino |
| Sector | Leisure |
| Buyer(s) | Gaming & Leisure Properties |
| Sellers(s) | Bally s |
| Deal Type | Divestiture |
| Deal Value | 340M USD |
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| Category | Company |
|---|---|
| Sector | Real Estate |
| Employees | 560 |
| Revenue | 1.2B USD (2020) |
Gaming & Leisure Properties is a real estate company. GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in "triple net" lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 7 |
| Sector (Leisure) | 3 of 5 |
| Type (Divestiture) | 5 of 7 |
| State (Delaware) | 1 of 1 |
| Country (United States) | 5 of 7 |
| Year (2020) | 3 of 3 |
| Size (of disclosed) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-10-27 |
Tropicana Evansville
Evansville, Indiana, United States Tropicana Evansville is an operator of an entertainment complex located on the scenic banks of the Ohio River in southwestern Indiana. The single-level 24-hour casino encompasses 45,000 square feet of gaming space featuring over 1,100 slot games, over 30 table games, a dedicated Poker Room, and a High Limit Room. Tropicana Evansville is based in Evansville, Indiana. |
Buy | $480M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-01 |
Hollywood Casino Perryville
Perryville, Maryland, United States Hollywood Casino Perryville offers Vegas-style gaming vibes in a friendly community atmosphere. Hollywood Casino Perryville is based in Perryville, Maryland. |
Sell | $31M |
Bally's currently owns and operates 10 casinos across six states, a horse racetrack, and 13 authorized OTB licenses in Colorado. With more than 5,400 employees, the Company's operations include 11,859 slot machines, 405 game tables, and 2,538 hotel rooms. Properties include Twin River Casino Hotel (Lincoln, RI), Tiverton Casino Hotel (Tiverton, RI), Hard Rock Hotel & Casino (Biloxi, MS), Casino Vicksburg (Vicksburg, MS), Dover Downs Hotel & Casino (Dover, DE), Bally's Atlantic City (Atlantic City, NJ), Casino KC (Kansas City, MO), Golden Gates Casino (Black Hawk, CO), Golden Gulch Casino (Black Hawk, CO), Mardi Gras Casino (Black Hawk, CO), and Arapahoe Park racetrack (Aurora, CO). Bally's was founded in 2004 and is based in Providence, Rhode Island.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 3 |
| Sector (Leisure) | 1 of 3 |
| Type (Divestiture) | 1 of 3 |
| State (Delaware) | 1 of 1 |
| Country (United States) | 1 of 3 |
| Year (2020) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-10-27 |
Tropicana Evansville
Evansville, Indiana, United States Tropicana Evansville is an operator of an entertainment complex located on the scenic banks of the Ohio River in southwestern Indiana. The single-level 24-hour casino encompasses 45,000 square feet of gaming space featuring over 1,100 slot games, over 30 table games, a dedicated Poker Room, and a High Limit Room. Tropicana Evansville is based in Evansville, Indiana. |
Buy | $480M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-11-18 |
Bet.Works
Las Vegas, Nevada, United States Bet.Works is a U.S.-based technology and services company delivering the most advanced iGaming and sportsbook products. Its flexible suite of proprietary solutions, coupled with a sophisticated managed service offering, uniquely position Bet.Works to provide US-ready solutions to enterprise, tribal and regional clients. |
Buy | - |
