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Gaming and Leisure Properties completes $395m Bally’s casino property acquisition

Deals & M&A

Gaming and Leisure Properties said it completed its $395m acquisition of the land and real estate assets of Bally’s Kansas City Casino and Bally’s Shreveport Casino & Hotel. The properties have entered a new Bally’s master lease, cross-defaulted with the company’s existing Bally’s master lease, with initial annual cash rent of $32.2m. GLPI said the transaction is expected to be accretive to its financial results.

The completed sale-leaseback changes ownership of the properties’ real estate and establishes their initial annual rent.

End-of-day close Gaming and Leisure Properties (GLPI), USD, to 31 January 2025
Story date4 November 202431 January 2025

Latest reported results

Gaming and Leisure Properties Nasdaq: GLPI

Quarter ended 30 September 2026

Revenue
USD 435.4m10-Q filing 0001575965-26-000072
Operating income
USD 309.9m10-Q filing 0001575965-26-000072

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