Gaming And Leisure Properties completed the acquisition of two Rhode Island casino properties from Bally's for $635m.

Gaming And Leisure Properties, a real estate investment trust specializing in casino properties, completed the acquisition of two Rhode Island casino properties from Bally's, a global casino-entertainment company, for $635m. "Bally's is excited to enter into this transaction with GLPI, further strengthening our growing relationship. The transaction will provide the Company with significant, long-term liquidity, ensuring that Bally's is best positioned to continue executing its capital and strategic plan, as well as to capitalize on future opportunities presented in the market," Bobby Lavan, Bally's CFO.