Gaming and Leisure Completes $395 Million Acquisition of Bally's Kansas City, Shreveport Properties

MT Newswires Live

2024-12-17

Gaming and Leisure Properties (GLPI) has completed the acquisition of the land and real estate assets of Bally's (BALY) Kansas City casino and Shreveport Casino & Hotel for $395 million, the companies said Tuesday.

The two properties have been put into a new Bally's master lease agreement that is cross-defaulted with Gaming and Leisure's current master lease, with the first annual cash rent of $32.2 million, the parties added.

Bally's said it will use the proceeds to pay amounts withdrawn under its $620 million revolving credit facility.

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Hotel for $395 million, the companies said Tuesday.</p><p>The two properties have been put into a new Bally's master lease agreement that is cross-defaulted with Gaming and Leisure's current master lease, with the first annual cash rent of $32.2 million, the parties added.</p><p>Bally's said it will use the proceeds to pay amounts withdrawn under its $620 million revolving credit facility.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BALY","symbol_name":"BALLYS CORPORATION","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2492502952","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492502952","pubTimestamp":1734440561,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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