Pennsylvania operator Penn National Gaming is set to purchase Bally’s Casino Tunica and Resorts Casino Tunica in a cash deal worth $44m. The casino operator, which has been operating under the name of Penn National since it was founded by former New Jersey governor Ed Rendell in 1993, will pay $450m for both properties, according to reports. Penn Gaming said the acquisitions will be "immediately accretive to our operating results".
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".