M&A Deal Summary |
|
|---|---|
| Date | 2022-06-28 |
| Target | Bally s Tiverton |
| Sector | Leisure |
| Buyer(s) | Gaming & Leisure Properties |
| Sellers(s) | Bally s |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Sector | Real Estate |
| Employees | 18 |
| Revenue | 1.4B USD (2023) |
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. Gaming & Leisure Properties is based in Wyomissing, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 7 |
| Sector (Leisure) | 5 of 5 |
| Type (Divestiture) | 7 of 7 |
| State (Rhode Island) | 2 of 2 |
| Country (United States) | 7 of 7 |
| Year (2022) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-06-28 |
Bally s Twin River Lincoln
Lincoln, Rhode Island, United States Bally's Twin River Lincoln is an operator of a casino that is open 24 hours a day and brimming with tables, slots, a VIP lounge, and other grand gambling opportunities. Bally's Twin River Lincoln is one of the largest gaming and entertainment venues in Rhode Island with over 162,000 square feet of gaming space. Bally's Twin River Lincoln is based in Lincoln, Rhode Island. |
Buy | - |
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 | 3 of 3 |
| Sector (Leisure) | 3 of 3 |
| Type (Divestiture) | 3 of 3 |
| State (Rhode Island) | 2 of 2 |
| Country (United States) | 3 of 3 |
| Year (2022) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-06-28 |
Bally s Twin River Lincoln
Lincoln, Rhode Island, United States Bally's Twin River Lincoln is an operator of a casino that is open 24 hours a day and brimming with tables, slots, a VIP lounge, and other grand gambling opportunities. Bally's Twin River Lincoln is one of the largest gaming and entertainment venues in Rhode Island with over 162,000 square feet of gaming space. Bally's Twin River Lincoln is based in Lincoln, Rhode Island. |
Sell | - |
