GLP Capital, L.P. → Twin River Lincoln Casino Resort real estate assets
Bally’s Corporation completed the previously announced sale and leaseback of the real estate assets of its Twin River Lincoln Casino Resort to GLP Capital, L.P., a subsidiary of Gaming and Leisure Properties, Inc., the seller said on 11 February 2026.
The sale and leaseback gave Bally’s total consideration of US$700m, before transaction expenses and provisions for taxes. Initial cash rent for the property is US$56m a year, with customary annual escalators. Bally’s said cash from the sale, together with other funds, will be used to repay its term loans maturing in 2028.
LOG ENTRY
- Announced
- 11 Feb 2026
- Type
- M&A · asset acquisition
- Acquirer
- GLP Capital, L.P.
- Target
- Twin River Lincoln Casino Resort real estate assets
- Seller
- Bally’s
- Other party
- Gaming and Leisure Properties, Inc.
- Markets
- Not stated
- Value
- US$700m (USD 700,000,000)
- Status
- Completed
- Completed
- 11 Feb 2026
- Entry
- D-115
Entry history
- Logged from Bally’s Corporation release, 11 Feb 2026
If the deal completes, lapses or changes terms, the update is added here as a new line, and every correction is also listed in the corrections log. Sources last retrieved 23 Oct 2026.