Bally's Corp Secures $1.8 Billion Through Rhode Island Casino Sale and Major Loan Package

Bally's Corp raises $1.8B through a $700M Rhode Island casino sale and $1.1B loan to fund major new property developments. Read the full financial breakdown.

By: AXL Media

Published: Mar 12, 2026, 7:05 AM EDT

Source: Information for this report was sourced from Bisnow Boston and Gaming and Leisure Properties Inc.

A Massive Liquidity Injection for Global Gaming Ambitions

The gaming landscape shifted significantly as Bally's Corp executed a complex financial maneuver to fortify its balance sheet. By selling the real estate assets of the Twin River Lincoln Casino Resort to Gaming and Leisure Properties Inc. for $700 million, the operator has effectively unlocked massive capital reserves. This move, according to company disclosures, is designed to transition the firm from a property owner to a streamlined operator while maintaining control of the site through a long-term lease agreement.

The Architectural Footprint of the Twin River Asset

The property at the heart of this transaction is a sprawling 190 acre entertainment hub that serves as a cornerstone of Rhode Island’s hospitality sector. The facility includes a 165,000 square foot casino floor, a 136 room hotel, and a versatile event center spanning 29,000 square feet. By offloading these physical assets to a real estate investment trust specializing in gaming properties, Bally's is prioritizing cash flow and development over traditional land ownership.

Securing a Billion Dollar Financial Lifeline

Beyond the immediate real estate sale, the corporation has successfully negotiated a $1.1 billion loan package to enhance its total line of credit. This substantial debt facility provides the company with a formidable war chest, ensuring that high stakes construction projects remain on track despite broader economic volatility. The influx of nearly $2 billion in total capital signals a pivot toward aggressive growth in new and existing markets where the firm holds gaming licenses.