- In September 2025, Bally’s Corporation announced a partnership with Gaming and Leisure Properties, Inc. to create a $1.19 billion integrated casino resort in Chicago’s River West area. This development will include a casino, a luxury hotel, entertainment spaces, and a community riverwalk at the former Chicago Tribune site.
- This initiative represents one of GLPI’s most significant investments to date, signaling a strong dedication to enhancing its footprint in key U.S. gaming markets through innovative real estate partnerships.
- We will examine how GLPI’s major development in Chicago with Bally’s may shape expectations regarding its long-term growth and income stability.
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Overview of Gaming and Leisure Properties’ Investment Narrative
For investors interested in Gaming and Leisure Properties, confidence in long-term rental income stability—aided by major projects like the Bally’s Chicago initiative—is essential. However, the financial health of Bally’s poses a tenant concentration risk. The newly unveiled Chicago resort presents a significant opportunity for revenue growth, but the dependency on Bally’s remains a key factor influencing GLPI’s near-term prospects and risks.
Another significant recent announcement is GLPI’s acquisition of land for the Hard Rock Casino in Rockford, which involves a 99-year lease. This move demonstrates the company’s intention to expand its geographic reach, but it also underscores specific project risks that can affect short-term outcomes and investor sentiment.
Future Growth Projections
While the Chicago resort underscores ambitions for growth, it also raises concerns regarding exposure to Bally’s financial situation, which investors should consider. Gaming and Leisure Properties aims to achieve $2.0 billion in revenue and $1.1 billion in earnings by 2028, with projected annual revenue growth of 9.0% and earnings increasing by $382 million from the current $717.9 million.
Discover how Gaming and Leisure Properties’ projections indicate a fair value of $54.07, suggesting a 15% upside from its current market price.
Evaluating Different Perspectives
Fair value estimates from the Simply Wall St Community vary significantly, ranging from $47.58 to $129.61 per share. Given the ongoing capital investments in significant development projects, opinions on future growth and associated risks among investors differ widely. It’s advisable to consider various viewpoints to better inform your investment outlook.
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This article by Simply Wall St is for informational purposes only. We provide commentary based on historical data and analyst forecasts using an unbiased methodology. This does not constitute financial advice. It does not recommend buying or selling any stock. Please consider your individual objectives and financial situation. Our analysis may not incorporate the latest price-sensitive company announcements.
