Bally’s reports proposed $735m proceeds from Twin River sale and leaseback
Bally’s said lenders had consented to a proposed sale and leaseback of Twin River Lincoln Casino Resort to Gaming and Leisure Properties, subject to approval from its term-loan lenders. The transaction would provide $735 million in cash after expenses and taxes; the company also said it expected its €2.7 billion sale of Bally’s International Interactive to Intralot to close by year-end.
The proposed transactions could alter Bally’s debt position and provide proceeds linked to its property and interactive businesses.