Gaming And Leisure’s $1 Billion Acquisition of Rhode Island Properties’ assets

Jones Day advised Bally’s Corporation on the deal.

Bally’s Corporation announced the $1 billion sale of the real property assets of Bally’s two Rhode Island casino properties – Bally’s Twin River Lincoln Casino Resort and Bally’s Tiverton Casino & Hotel to GLP Capital, L.P., the operating partnership of Gaming and Leisure Properties, Inc.

Bally’s will immediately lease back both properties and continue to own, control, and manage all the gaming operations of the facilities on an uninterrupted basis.

The Jones Day team was led by Bob Profusek (Picture).

 

Involved fees earner: Robert Profusek – Jones Day;

Law Firms: Jones Day;

Clients: Bally’s Corporation;

Martina Bellini

Author: Martina Bellini