{"id":37,"date":"2024-06-11T18:53:37","date_gmt":"2024-06-11T15:53:37","guid":{"rendered":"https:\/\/sunriseslotsnodepositbonus2024.icu\/2024\/06\/11\/ballys-strikes-billion-dollar-deal-with-glpi-for-rhode-island-casinos\/"},"modified":"2024-06-12T10:43:20","modified_gmt":"2024-06-12T07:43:20","slug":"ballys-strikes-billion-dollar-deal-with-glpi-for-rhode-island-casinos","status":"publish","type":"post","link":"https:\/\/sunriseslotsnodepositbonus2024.icu\/2024\/06\/11\/ballys-strikes-billion-dollar-deal-with-glpi-for-rhode-island-casinos\/","title":{"rendered":"Ballys Strikes Billion-Dollar Deal with GLPI for Rhode Island Casinos"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/VFmhyqS2Shc\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Ballys is divesting its Rhode Island holdings in a transaction valued at a billion dollars. They&#8217;ve inked a sale-leaseback arrangement with Gaming and Leisure Properties (GLPI), a prominent entity in the casino real estate sector. This transaction encompasses both the Twin River Lincoln Casino Resort and the Tiverton Casino Hotel.<\/p>\n<p>Rest assured, Ballys isn&#8217;t departing Rhode Island! They&#8217;re simply unlocking some capital. They&#8217;ll continue managing all gaming activities as before. <\/p>\n<p>This agreement is essentially an extension of an existing pact between Bally&#8217;s and GLPI. Consider it akin to incorporating two additional properties into a lease that already includes venues like Dover Downs, Evansville, and a few others. This translates into a substantial increase in rent for GLPI &#8211; an additional $76.3 million annually. <\/p>\n<p>This maneuver makes strategic sense for Bally&#8217;s. As their CFO Bobby Lavan articulated, this provides them with significant financial agility to invest in emerging prospects and advance their strategic objectives. <\/p>\n<p>Moreover, GLP is providing them with a considerable sum upfront &#8211; up to $200 million by year&#8217;s end. That&#8217;s a welcome windfall! <\/p>\n<p>Gaming and Leisure Properties is making a significant investment in the gambling industry. They plan to spend $635 million to acquire the Hard Rock Hotel &#038; Casino located in Biloxi, Mississippi, along with some land in Tiverton. This transaction also involves an annual lease payment of $48.5 million. However, there&#8217;s a condition. This acquisition is contingent upon Bally&#8217;s receiving approval to purchase the Twin River Lincoln casino. Should that agreement collapse, GLP has a contingency plan prepared for implementation. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ballys is divesting its Rhode Island holdings in a transaction valued at a billion dollars. They&#8217;ve inked a sale-leaseback arrangement with Gaming and Leisure Properties [&#8230;]<\/p>\n","protected":false},"author":75,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bally<\/title>\n<meta name=\"description\" content=\"Bally\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sunriseslotsnodepositbonus2024.icu\/2024\/06\/11\/ballys-strikes-billion-dollar-deal-with-glpi-for-rhode-island-casinos\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ballys Strikes Billion-Dollar Deal with GLPI for Rhode Island Casinos\" \/>\n<meta property=\"og:description\" content=\"Bally\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sunriseslotsnodepositbonus2024.icu\/2024\/06\/11\/ballys-strikes-billion-dollar-deal-with-glpi-for-rhode-island-casinos\/\" \/>\n<meta property=\"og:site_name\" content=\"Where Casino Enthusiasts Unite for Secure &amp; Licensed Fun\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-11T15:53:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-12T07:43:20+00:00\" \/>\n<meta name=\"author\" content=\"Willow &quot;Whisper&quot; Burgess\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Willow &quot;Whisper&quot; Burgess\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sunriseslotsnodepositbonus2024.icu\/2024\/06\/11\/ballys-strikes-billion-dollar-deal-with-glpi-for-rhode-island-casinos\/\",\"url\":\"https:\/\/sunriseslotsnodepositbonus2024.icu\/2024\/06\/11\/ballys-strikes-billion-dollar-deal-with-glpi-for-rhode-island-casinos\/\",\"name\":\"Bally\",\"isPartOf\":{\"@id\":\"https:\/\/sunriseslotsnodepositbonus2024.icu\/#website\"},\"datePublished\":\"2024-06-11T15:53:37+00:00\",\"dateModified\":\"2024-06-12T07:43:20+00:00\",\"author\":{\"@id\":\"https:\/\/sunriseslotsnodepositbonus2024.icu\/#\/schema\/person\/2ecb9051b5c5bac74d14632ad4e654db\"},\"description\":\"Bally\",\"breadcrumb\":{\"@id\":\"https:\/\/sunriseslotsnodepositbonus2024.icu\/2024\/06\/11\/ballys-strikes-billion-dollar-deal-with-glpi-for-rhode-island-casinos\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/sunriseslotsnodepositbonus2024.icu\/2024\/06\/11\/ballys-strikes-billion-dollar-deal-with-glpi-for-rhode-island-casinos\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/sunriseslotsnodepositbonus2024.icu\/2024\/06\/11\/ballys-strikes-billion-dollar-deal-with-glpi-for-rhode-island-casinos\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/sunriseslotsnodepositbonus2024.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ballys Strikes Billion-Dollar Deal with GLPI for Rhode Island Casinos\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/sunriseslotsnodepositbonus2024.icu\/#website\",\"url\":\"https:\/\/sunriseslotsnodepositbonus2024.icu\/\",\"name\":\"Where Casino Enthusiasts Unite for Secure &amp; Licensed Fun\",\"description\":\"Unleash your gambling potential with our up-to-date news, comprehensive reviews, and expert articles. 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