Bally's secures $2.07B financing from GLPI for Chicago casino; targets Sep 2026 opening

Bally's Corp

GLPI to acquire Chicago casino real estate; Bally's to pay $20M annual rent under new master lease.
GLPI provides up to $940M construction financing at 8.5% cap rate; Bally's to complete Chicago project in single phase with 500-room hotel.
Sale-leaseback of Kansas City and Shreveport properties for $395M; proceeds to repay credit facility.
Bally's reiterates plan to sell-leaseback Twin River Lincoln to GLPI by end 2026 for $735M ($58.8M annual rent).
Bally's Chicago IPO of 25% qualified minority ownership per host community agreement.

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