{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-178062","form_type":"8-K","ticker":"GLPI","cik":"0001575965","company_name":"Gaming & Leisure Properties, Inc.","filed_at":"2024-07-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:13.600760+00:00","generated_at":"2026-05-31T21:09:01.234097+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"GLPI invests $1.585B in Bally’s: Chicago development, KC/Shreveport sale-leasebacks at 8.3% yield","bullets":["Acquires Chicago land for $250M and funds up to $940M construction hard costs at 8.5% yield; total Chicago investment $1.19B.","Purchases Bally’s Kansas City and Shreveport real estate for $395M, leased back at initial rent of $32.2M (8.2% cap rate).","Reduces purchase option for Bally’s Lincoln from $771M to $735M (8.0% yield); GLPI gains call right from Oct 1, 2026.","KC and Shreveport closings expected as early as Q4 2024; Chicago funding runs Aug 2024–Dec 2026, subject to approvals.","Blended initial cash yield of 8.3%; funding via cash on hand, revolver, and potential capital markets; rent coverage 2.0x–2.4x."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-178062","json":"https://secwatch.observer/filing/0001193125-24-178062.json","markdown":"https://secwatch.observer/filing/0001193125-24-178062.md","text":"https://secwatch.observer/filing/0001193125-24-178062.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1575965/000119312524178062/0001193125-24-178062-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1575965/000119312524178062/d779010d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T21:09:01.234097+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}