Bally's completes leaseback transaction with GLPI

4 January 2023

(PRESS RELEASE) -- Bally's Corporation announced the completion of its previously announced real estate transaction with the operating partnership of Gaming & Leisure Properties, Inc. Bally's and GLPI completed a sale leaseback transaction relating to the land and real estate assets of Bally's Tiverton Casino & Hotel in Tiverton, RI, and Bally's Hard Rock Hotel & Casino Biloxi in Biloxi, MS, for total consideration of $635 million.

The transaction was structured as a tax-free capital contribution, and a substantial portion of the proceeds will be applied to reduce Bally's debt. These properties have been added to Bally's Master Lease with GLPI, which now includes six properties. The rent for the Master Lease was increased by $48.5 million on an annual basis on account of the transaction.

"We are pleased to have completed another transaction with GLPI,” said Bobby Lavan, Chief Financial Officer of Bally's. “This marks an important step for us, ensuring Bally's is best positioned for continued growth."

Related Links

Gaming & Leisure Gaming Vendor Information

Hard Rock Hotel & Casino - Biloxi Details

Bally's Tiverton Details

Featured Vendors


Casino Network 20+ years experience selling refurbished slot machines, parts & glass for all major brands	TribalHub 26th Annual TribalNet Conference Sept 15-18, 2025 at Grand Sierra Resort and Casino in Reno, Nevada

Innovative Configuration Inc. I-Games Anywhere-Anytime - Win Product-Service-Activity-Attraction Discounts at Favorite Casinos.	Prezzee Prezzee provides digital gift cards from top brands to reward loyal guests and employees.

Regulatory Management Counselors, PC Over 45 years of experience serving the legal and regulatory needs of casino industry clients	Betson Imperial Parts & Service Your one stop shop for all your gaming and OEM needs!

Imagine This Imagine This #1 Source for Player Gifts. Over $50 million in stock ready to ship! Let us serve you!	Sunkist Graphics, Inc. Specializing in the creation of best-of-breed gaming graphics - slot glass, sign faces, and more

Casino City Press A leading publisher and distributor of casino and gaming business data and market research reports.	K2J Marketing Partners We’re not just a gifting provider—we’re an extension of your marketing team driving proven results.

Texas Slots & Gaming Wholesale gaming reimagined. Texas Slots & Gaming is your sustainable gaming partner.	Rymax Marketing Services, Inc. Leader in creating award winning player & employee loyalty programs & events proven to increase ROI

Concept 3, LLC Custom Creations, Unmatched Value – Elevating Brands with Quality & Savings Since 2004	Slot Machines Unlimited Exporter of IGT, Williams, AVP, Trimline, Aristocrat, Konami, Bally, & parts over 20 yrs experience

Casino Schedule Ease Full Featured & customizable for the complex scheduling needs of table games & other casino depts