![]() ![]() In May, Chicago accepted the Bally’s Chicago proposal to build a $1.7 billion casino, entertainment, and hotel. ![]() “The transaction will provide the company with significant, long-term liquidity, ensuring that Bally’s is best positioned to continue executing its capital and strategic plan, as well as to capitalize on future opportunities presented in the market.” “Bally’s is excited to enter into this transaction with GLPI, further strengthening our growing relationship,” said Bally’s Chief Financial Officer Bobby Lavan. The master lease has an initial term of 15 years (14 years remain), followed by four, five-year renewals at the tenant’s option, Bally’s executives said. Both properties are expected to be added to the existing master lease between GLPI and Bally’s, with incremental rent of $76.3 million.
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