Bally’s Corp. must get the state’s approval of its planned sale of the property and buildings of Twin River Casino in Lincoln and Bally’s Tiverton Casino & Hotel in Tiverton for $1 billion, according to a spokesman for the R.I. Lottery.
“Under state law, any sale of the casino buildings and any potential purchasing entity are subject to regulatory review and approval by the state,” said Paul Grimaldi, spokesman for the R.I. Lottery. “Beyond that, we have no further comment on the Bally’s announcement.”
The locally based casino company on June 28 announced it has agreed to sell the two casino properties to Gaming & Leisure Properties Inc. Under the deal, Bally’s would lease back both Rhode Island properties and continue to own, control and manage all the gaming operations of the facilities.
