Reuters logo
BRIEF-Penn National Gaming enters agreement to acquire operations of Bally’s Casino Tunica and Resorts Casino Tunica
March 28, 2017 / 1:32 PM / 9 months ago

BRIEF-Penn National Gaming enters agreement to acquire operations of Bally’s Casino Tunica and Resorts Casino Tunica

March 28 (Reuters) - Penn National Gaming Inc:

* Penn National Gaming enters into definitive agreement to acquire operations of Bally’S Casino Tunica and Resorts Casino Tunica for pre-synergy purchase multiple of 3.7x

* Penn National Gaming Inc - deal for $44.0 million cash

* Following completion of proposed transaction, penn national will operate both Tunica Properties

* Penn National Gaming Inc - deal will be immediately accretive to our operating results upon closing

* Penn National Gaming - after compeltion, co will lease underlying real property associated with the 2 businesses from gaming and leisure properties Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below