Are you concerned about Bally’s Corp.’s plans to sell its two Rhode Island casino properties for $1B in a lease-back deal?

BALLY'S CORP. has agreed to sell the property and buildings of its two Rhode Island casinos, Twin River Casino in Lincoln and Bally’s Tiverton Casino & Hotel in Tiverton, to Gaming & Leisure Properties Inc. for $1 billion. Bally's would lease the properties and continue to operate and own the gambling operations at the facilities.
Bally's Corp. on June 28 announced it has agreed to sell the property and buildings of Twin River Casino in Lincoln and Bally’s Tiverton Casino & Hotel in Tiverton for $1 billion to Gaming & Leisure Properties Inc. Under the deal, Providence-based Bally’s would lease back both Rhode Island properties and continue to own, control…

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