Gaming And Leisure Properties, Inc. · NASDAQ:GLPI
Gaming And Leisure Properties — Merger or Acquisition (July 2024)
10 slides from Gaming And Leisure Properties's merger presentation, Jul 12, 2024
Slide 1: Acquisition Presentation
Acquisition Presentation July 12, 2024
Slide 2: Forward Looking Statements
Forward Looking Statements This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including our expectations regarding the anticipated accretion and futu
Slide 3: Transaction Overview
Transaction Overview Key Transaction Details Geographic Positioning • On July 12, 2024, GLPI entered into a binding term sheet with Bally’s Corporation (“Bally’s) to acquire the real property assets of Bally’s Kansas City Casino (“Bally’s Kansas City”) and Bally’s Shreveport Casino & Hotel (“Bally’s
Slide 4: Acquisition Strategic Benefits & Strengths
Acquisition Strategic Benefits & Strengths Win-Win Expansion of the Bally’s Relationship 1 • Expands relationship with Bally’s, a growth oriented and experienced gaming and hospitality operator, to 10 properties across 9 states Immediately Accretive 2 • Transaction is expected to be immediately accr
Slide 5: Chicago Flagship Casino Development Investment
Bally’s Chicago Flagship Casino Development Investment Situation Overview: Upon purchase of the land, GLPI will own the land and substantially all the improvements related to the casino for a total investment of $1.190 billion and blended initial cash investment yield of 8.4% Deal Terms • GLPI has a
Slide 6: Chicago Reimagined with GLPI
Bally’s Chicago Reimagined with GLPI Key Property Statistics Benefits of GLPI Partnership & Redesign • New design complements the Chicago skyline with another iconic architectural addition 3,300 173 500 Slots Tables (incl Poker) Hotel Rooms • GLPI provides more than just financing, but also over 50
Slide 7: Chicago: Strong Demographics Support Accelerated GGR Growth
Bally’s Chicago: Strong Demographics Support Accelerated GGR Growth Bally’s Chicago Encore Boston Harbor MGM National Harbor Population Within Greater Metros 1 9,442,159 4,900,550 6,373,829 Median Per Capita Income $45,877 $59,165 $59,366 Population With Household Income 3,929,246 2,543,194 3,673,22
Slide 8: Bally's Kansas City & Bally's Shreveport Sale Leaseback Overview
Bally’s Kansas City & Bally’s Shreveport Sale Leaseback Overview Bally’s Kansas City Bally's Shreveport 43k SF of Gaming 30k SF of Gaming 913 Slots 965 Slots 24 Table Games 52 Table Games ~900 Parking Spaces 403 Rooms & Suites 5 F&B Outlets 6 F&B Outlets VIP Lounge Sportsbook (Bally Bet) Deal Terms
Slide 9: Bally's Lincoln Option / Call Right Update
Bally’s Lincoln Option / Call Right Update Key Statistics Property Overview 188k SF of Gaming • Bally’s Lincoln is located on ~100 acres of land in Lincoln, RI, just 5.5 miles north of Providence 3,900 Slots ‒ Accessible via Route 146 and located inside of the 295 114 Table Games beltway surrounding
Slide 10: Bally's / GLPI Relationship: Portfolio Summary
Bally’s / GLPI Relationship: Portfolio Summary Growing Footprint of High-Quality Regional Casino Assets 2 RI NJ NV NJ DE IL IN CO MO 1 MS New GLPI Bally’s Acquisition LA Existing GLPI Bally’s Asset Other Bally’s Asset Source: Company Filings and Earnings Releases. 1. Bally’s announced the closure of
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