GLPI completes $250m land purchase for Bally’s Chicago casino
Gaming and Leisure Properties (GLPI) completed a $250m purchase of land for Bally’s permanent Chicago casino, the company said. The transaction was part of a broader agreement with Bally’s announced in July; GLPI said an affiliate would assume and amend the existing lease, setting annual rent at $20m.
The completed land purchase advances the real-estate arrangements for Bally’s planned permanent Chicago casino.