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BRIEF-Penn National Gaming enters agreement to acquire operations of Bally’s Casino Tunica and Resorts Casino Tunica

March 28 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:

我们的标准: 汤森路透“信任原则

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