DevelopmentBally's announced it will receive $2.07B from GLPI, in the form of financing and proceeds from sale leasebacks, to begin the development of the Chicago permanent facility.
FinancingThe financing transactions are a net positive to BALY and remove a major overhang on the stock regarding funding Chicago.
Online BusinessThe U.S. online business has shown significant improvement in recent quarters, with iGaming producing growth of 70% in 1Q24.