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