Peter Carlino Of Gaming & Leisure Properties Inc Acquires Bally's Twin River Casino Resort For $700M

The asset involved in this transaction is a commercial property located at 100 Twin River Road in Lincoln, RI. The property was sold for a total price of $700,000,000. This transaction marks a significant transfer of real estate as it pertains to the Bally’s Twin River Lincoln Casino Resort.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $700,000,000
• Buyer: Peter Carlino - Gaming & Leisure Properties, Inc
• Seller: Robeson M. Reeves - Bally’s Corporation
• Leaseback Agreement: Bally’s Corporation will lease the property back for $56,000,000 annually
• Market Location: Lincoln, RI
• Notable Fact: This transaction represents Gaming and Leisure Properties Inc.'s fifth sale-leaseback with Bally's Corporation

The individuals involved in this transaction include Peter Carlino, serving as the buyer and representing Gaming & Leisure Properties, Inc., and Robeson M. Reeves, the seller representing Bally’s Corporation. Their collaboration in this deal underscores the ongoing relationship between the two companies in the context of commercial property leasing and investment strategies.