![]() ![]() Bally’s also announced the completion of its acquisition of Jumer’s Casino & Hotel for $120 million, which was funded using available borrowings under its Citizens-led revolving credit facility. Tropicana Evansville has 79,000 square feet of enclosed space, including 45,000 square feet of casino gaming, four dining venues, a racetrack and sportsbook. As a result of this structure, no cash outlay was required by Bally’s at closing. GLPI also acquired the real estate associated with Bally’s Dover Downs casino for $144 million, which it is leasing back to Bally’s for $12 million per year, also subject to escalation. (“GLPI”) acquired the real estate associated with Tropicana Evansville for $340 million, which it is leasing to Bally’s for $28 million per year, subject to escalation. As part of the transaction, an affiliate of Gaming & Leisure Properties, Inc. PROVIDENCE, RI – Citizens M&A Advisory announced today that it served as financial advisor to Bally’s Corporation (NYSE: BALY) on its acquisition of Tropicana Evansville in Evansville, IN, from Caesars Entertainment Corporation, as well as the acquisition of Jumer’s Casino & Hotel in Rock Island, IL, from Delaware North Companies Gaming & Entertainment, Inc.Īs previously announced, Bally’s acquired Tropicana Evansville for $140 million. Citizens Advises Bally’s Corporation on its Acquisitions of Tropicana Evansville and Jumer’s Casino & Hotel ![]()
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