Gaming and Leisure Properties, Inc. (NasdaqGS:GLPI) signed a letter of intent to acquire Real property in Kansas City and Shreveport from Bally?s Corporation (NYSE: BALY) for approximately $400 million on July 11, 2024. Bally?s expects to use all the proceeds from the Sale Leaseback Transactions to repay amounts currently drawn under its $620 million revolving credit facility and for general corporate purposes. The parties expect to close on the proposed Bally?s Kansas City and Bally?s Shreveport sale leaseback transactions as early as the fourth quarter 2024, subject to receipt of all required regulatory and other approvals.

Wells Fargo acted as financial advisor to Gaming and Leisure Properties. Goodwin Procter LLP acted as legal advisor to Gaming and Leisure Properties.