Company Secures Funding, Acquires Rhode Island Property, and Commits Funds for Chicago…
What happened
The company reported Total Revenue of $435.4 million, a 9.5% increase compared to the third quarter of 2025, and Adjusted EBITDA of $413.9 million, rising 13% from the prior year. The company secured funding for a Rhode Island landside project, acquiring Bally's Lincoln for $700 million. Additionally, it committed $940 million to a project in Chicago.
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Why it matters
The financial metrics reflect strong growth, with Full Year 2026 AFFO guidance updated to $1.222 billion to $1.225 billion. The acquisitions in Rhode Island and the major funding commitment for the Chicago project indicate significant capital deployment into real property assets in both locations.
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Who's involved
- BallyThe company making the real property acquisitions and project commitments.
- Rhode IslandThe location where the $700 million real property asset was acquired.
- ChicagoThe location receiving a $940 million commitment for a major new project.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Rhode IslandSpeculative
The acquisition of major real property assets might increase local property values and tax revenue in Rhode Island.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Rhode Island property acquisition may boost state tax revenueRhode Island House of Representatives may benefit from increased tax base due to property acquisitionPossible
- Chicago project funding may boost Cook County's economic activityChicago project funding may boost Cook County's economic activityPossible
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The entities involved
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Rhode Island
state of the United States of America
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Chicago
city and county seat of Cook County, and largest city in State of Illinois, United States of America