GLPI also acquired the real estate associated with Bally's Dover Downs casino for $144 million, which it is leasing back to Bally's for $12 million per year, subject to escalation. ('GLPI') acquired the real estate associated with the Tropicana Evansville casino for $340 million, which it is leasing to Bally's for $28 million per year, subject to escalation.
As part of the transaction, an affiliate of Gaming & Leisure Properties, Inc.
As we continue to implement our growth and diversification strategy with precision, we are excited to welcome the Tropicana Evansville into the Bally's family and look forward to the opportunity to provide our first-in-class land-based and interactive entertainment offerings to the Indiana gaming market.'Īs previously announced, Bally's acquired the Tropicana Evansville for $140 million.
George Papanier, President and Chief Executive Officer of Bally's Corporation, said, 'The Tropicana Evansville acquisition closing marks another major accomplishment in what has already been a truly remarkable year for Bally's.
