M&A Deal Summary

Gaming & Leisure Properties Acquires Bally s Twin River Lincoln

On June 28, 2022, Gaming & Leisure Properties acquired leisure company Bally s Twin River Lincoln from Bally s

Acquisition Highlights
  • This is Gaming & Leisure Properties’ 5th transaction in the Leisure sector.
  • This is Gaming & Leisure Properties’ 7th transaction in the United States.
  • This is Gaming & Leisure Properties’ 2nd transaction in Rhode Island.

M&A Deal Summary

Date 2022-06-28
Target Bally s Twin River Lincoln
Sector Leisure
Buyer(s) Gaming & Leisure Properties
Sellers(s) Bally s
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

Gaming & Leisure Properties

Wyomissing, Pennsylvania, United States

Category Company
Sector Real Estate
Employees19
Revenue 1.5B USD (2024)
DESCRIPTION

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 M&A 5 of 5
Type: Divestiture M&A Deals 7 of 7
State: Rhode Island M&A 2 of 2
Country: United States M&A 7 of 7
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-28 Bally s Tiverton

Tiverton, Rhode Island, United States

Bally's Tiverton is an operator of Casino & Hotel set for 24-hour gaming thrills providing Blackjack, Roulette, Mini-Baccarat, Three Card Poker, Craps, Spanish 21, Let It Ride, and Pai Gow Poker. Bally's Tiverton is based in Tiverton, Rhode Island.

Buy -

Seller(S) 1

SELLER

Bally s

Providence, Rhode Island, United States

Category Company
Founded 2004
Sector Gaming
Employees10,000
Revenue 2.5B USD (2024)
DESCRIPTION

Bally's specializes in delivering a comprehensive range of gaming and entertainment experiences through both traditional brick-and-mortar casino venues and expansive digital platforms. Bally's currently owns and operates 10 casinos across six states, a horse racetrack, and 13 authorized OTB licenses in Colorado. Bally's was founded in 2004 and is based in Providence, Rhode Island.


DEAL STATS #
Overall 3 of 4
Sector: Leisure M&A 3 of 3
Type: Divestiture M&A Deals 3 of 4
State: Rhode Island M&A 2 of 3
Country: United States M&A 3 of 4
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-28 Bally s Tiverton

Tiverton, Rhode Island, United States

Bally's Tiverton is an operator of Casino & Hotel set for 24-hour gaming thrills providing Blackjack, Roulette, Mini-Baccarat, Three Card Poker, Craps, Spanish 21, Let It Ride, and Pai Gow Poker. Bally's Tiverton is based in Tiverton, Rhode Island.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-01 Bally - International Interactive Business

Providence, Rhode Island, United States

Bally's International Interactive Business is a iCasino specialist offering a wide range of products that have been developed or curated. It partner with leading third-party suppliers including IGT, NetEnt, and Evolution, as well as investing in exclusive content built by our in-house studios. It's content is augmented with value-added features such as free spins management, tournaments, and more. Bally's International Interactive Business is based in Providence, Rhode Island.

Sell €2.7B