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4 months ago
BRIEF-Gaming and Leisure Properties to acquire the real estate assets of Bally’S Casino Tunica and Resorts Casino Tunica
March 28, 2017 / 1:21 PM / 4 months ago

BRIEF-Gaming and Leisure Properties to acquire the real estate assets of Bally’S Casino Tunica and Resorts Casino Tunica

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March 28 (Reuters) - Gaming And Leisure Properties Inc :

* Gaming and Leisure Properties Inc announces acquisition of the real estate assets of Bally’S Casino Tunica and Resorts Casino Tunica

* Gaming and Leisure Properties Inc - deal for purchase price of $82.6 million with initial rent of $9.0 million

* Gaming and Leisure Properties Inc - acquisition is expected to be immediately accretive

* Gaming and Leisure Properties Inc - properties will be operated by Penn National Gaming Inc

* Gaming and Leisure Properties Inc - transaction is expected to be funded with a combination of debt and equity Source text for Eikon: Further company coverage:

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