Transaction Overview - GLPI is acquiring real property assets from Bally's for $1585 billion[5] - The initial cash rent is $1321 million, representing an 83% blended cap rate[5] - The lease term is 15 years with CPI-based rent escalations (10% floor, 20% ceiling)[5] - GLPI has a call option for Bally's Lincoln for $7350 million, with initial cash rent of $588 million[5] Bally's Chicago Investment - GLPI's total investment in Bally's Chicago is $1190 billion, with an 84% blended cap rate[15] - This includes $9400 million in construction financing and $2500 million for land acquisition[15] - The ground lease has a 15-year initial term with an 80% initial cash yield[15] Bally's Kansas City & Shreveport - GLPI is purchasing the real property assets of Bally's Kansas City and Shreveport for $3950 million[31] - The initial cash rent is $322 million, representing an 82% initial capitalization rate[31] - Pro forma rent coverage is projected to be 22x[31] Bally's Lincoln Option - GLPI has an option/call right to acquire Bally's Lincoln for $7350 million, based on an 80% cap rate[37] - The initial annual rent is $588 million, over 20x covered[37]

Core Viewpoint - The article highlights the remarkable journey of a woman named Si Tu Yu Lian, who has navigated the underworld for 40 years without forming alliances, earning respect from even the most powerful figures in the criminal world [1]. Group 1: Background and Early Life - Si Tu Yu Lian was born in a Hong Kong slum, not as a wealthy heiress but as the eldest child in a poor family, facing significant pressure and challenges [3]. - Despite the turbulent social environment, she chose to work in a casino, where her beauty and outgoing personality helped her thrive [3]. Group 2: Personal Life and Relationships - She developed a rich network due to her casino work and eventually married wealthy businessman Zeng Guoyu, with whom she had several children; however, their differing backgrounds led to a tumultuous marriage that ended in divorce [5]. - After leaving her painful past, she moved to Macau, where she focused on her career with renewed energy [5]. Group 3: Career Development and Influence - Many influential figures sought to befriend her, allowing her to choose her connections wisely, including her old friend Hu Xu Yong, who benefited from her resources [7]. - Si Tu Yu Lian's net worth eventually reached billions, and she married a younger gang leader, Jie Shi Wei, further solidifying her status [7]. - She continued to operate in the casino industry, gaining recognition from the gambling tycoon Ho Hung Sun, who found her mysterious and powerful, leading to significant career advancements and ownership of multiple casinos [8].