---
schema_version: "secwatch.filing_event.v1"
accession: "0001575965-24-000027"
form_type: "8-K"
ticker: "GLPI"
cik: "0001575965"
company_name: "Gaming & Leisure Properties, Inc."
filed_at: "2024-09-11T23:59:59+00:00"
generated_at: "2026-05-31T05:26:28.333599+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001575965-24-000027
- form_type: 8-K
- ticker: GLPI
- cik: 0001575965
- company_name: Gaming & Leisure Properties, Inc.
- filed_at: 2024-09-11T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1575965/000157596524000027/0001575965-24-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1575965/000157596524000027/glpi-20240911.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001575965-24-000027
- JSON: https://secwatch.observer/filing/0001575965-24-000027.json
- Plain text: https://secwatch.observer/filing/0001575965-24-000027.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.