GLPI reaffirms its confidence in Bally's

GLPI executives faced intense questions about Bally's Corp. on the third-quarter earnings call held on Friday. The questions focused in particular on the casino project in Chicago, which has slowed down.

Company officials made clear that they stand by their development partner, Bally's. Operations Director Brandon Moore described the city of Chicago's position on slot lines as unfortunate.

Moore said that the suspension of some construction work has not changed GLPI's view of the project. This statement shows that management maintains its belief in the project.

The Chicago project sits at the center of the tension between the city government and the industry. Uncertainty over slot lines appears to be among the main issues affecting the project's timeline. The report does not provide any information on a new date or cost for the project.