GLPI closes $250M land acquisition for Bally's Chicago development; total commitment $1.585B

Gaming & Leisure Properties, Inc.

Closed $250M acquisition of land underlying Bally's Chicago; lease with Bally's in place.
Total consideration ~$1.585B includes up to $940M in construction funding through Dec 2026.
Chicago Lease: 15-year initial term, $20M annual base rent, 8.5% rent on funded amounts.
Transaction subject to gaming regulatory and other third-party approvals.
Upon completion, GLPI will own land and substantially all buildings and improvements.

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