Gaming and Leisure (GLPI) has issued an update.
GLP Capital, L.P. and Bally’s Corporation have struck a $1.585 billion deal involving the acquisition and leaseback of Bally’s Kansas City and Shreveport casino properties and the rights to the land for Bally’s Chicago casino, which is under development. GLP will also provide up to $940 million in construction financing for Bally’s Chicago, with the total project estimated at $1.8 billion. The transactions are set to enhance GLPI’s portfolio and are contingent on customary regulatory approvals.
Learn more about GLPI stock on TipRanks’ Stock Analysis page.
