In a surprising turn of events, Golden Entertainment Inc. (GLPI) may hold the key to helping Bally’s Corporation secure a coveted spot in the Chicago casino market. This revelation comes after Bally’s revealed that the shuttered Tropicana Casino in Las Vegas was not part of their long-term plans for expansion.
Bally’s, a well-known name in the gaming industry, has been aggressively pursuing opportunities to establish a presence in the lucrative Chicago market. With plans to develop a new casino in the Windy City, Bally’s has been looking for ways to make their bid stand out amongst fierce competition from other gaming giants.
Enter GLPI, a real estate investment trust that operates as a landlord to many casino properties across the United States. GLPI recently acquired the Tropicana Casino in Las Vegas, which had been closed for several months due to the COVID-19 pandemic. While many speculated that Bally’s would be interested in acquiring the property to expand their footprint in the gaming industry, Bally’s surprised everyone by announcing that the Tropicana was not part of their long-term plans.
Instead, Bally’s revealed that they are focusing their efforts on securing a casino license in Chicago, and they believe that GLPI could be the key to making that happen. By partnering with GLPI, Bally’s could potentially use their existing relationships and resources to gain a foothold in the Chicago market, which is known for its high demand and potential for growth.
Industry experts have weighed in on the potential partnership between Bally’s and GLPI, with many believing that it could be a strategic move for both companies. GLPI, with its extensive portfolio of casino properties, could provide the necessary infrastructure and support for Bally’s to establish a successful presence in Chicago, while Bally’s could bring their brand recognition and industry expertise to the table.
As the competition for a casino license in Chicago heats up, all eyes are now on Bally’s and GLPI as they navigate the complex landscape of the gaming industry. With the potential for a groundbreaking partnership on the horizon, it seems that the future of gaming in Chicago may soon be in the hands of these two industry titans. Only time will tell how this partnership will unfold, but one thing is certain – the gaming world will be watching closely.