Gaming & Leisure Properties, Inc. is a real estate investment trust (REIT) that focuses on acquiring and managing a diverse portfolio of casino and gaming-related properties
The company primarily invests in retail and entertainment facilities that include gaming establishments, offering long-term leases to operators in the gaming industry. By leveraging its expertise in real estate and the gaming sector, Gaming & Leisure aims to generate sustainable income through rental revenue while providing its tenants with the resources and locations necessary to thrive in the competitive gaming market.
You might think that gambling during a recession is a risky idea. And you’d probably be right. But investing in the gambling business can actually be smart. After all, people don’t stop gambling during downturns.
Bally’s Corporation (NYSE: BALY or “Bally’s”) today announced a refreshed Bally’s Chicago Casino permanent site plan that prominently features a planned 500-room, 34-story hotel tower into a single-phase construction project at the 30-acre former Tribune Publishing site, pending approval of the Chicago Department of Planning & Development.
Bally’s Corporation (NYSE: BALY) ("Bally’s”) today announced it has entered into a binding term sheet for a strategic construction and financing arrangement with Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI”) including funding to complete the construction of Bally’s permanent casino development in the City of Chicago (the “Project”).
