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:
Pennsylvania operator Penn National Gaming is set to purchase Penn Gaming’s Casino Tunica and Resorts Casino Tunica in a cash deal worth $44m. Upon completion, Bally will operate both casinoes, and lease any underlying real estate associated with the two businesses. Bally said the acquisitions will be "immediately accretive to our operating results".