The acquisition integrates the Lincoln, Rhode Island property into the existing Master Lease II agreement between the two firms. This move increases the total number of properties under the agreement to five. According to the company, the initial lease term aligns with current arrangements, extending through 2039 with four additional five-year renewal options.

Strategic Expansion in the Northeast

The 190-acre site serves as a cornerstone of the regional gaming market. The facility features a comprehensive suite of amenities:

• A full-scale casino floor
• 136 luxury rooms and suites
• A dedicated convention center and spa
• Multiple live entertainment venues

GLPI Chief Executive Peter Carlino described the property as a "premier asset" within a healthy regional market. By securing the real estate of this established venue for $700 million, GLPI reinforces its strategy of acquiring high-performing gaming assets while maintaining long-term lease stability with major operators like Bally's.