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Also, in September 2021, an Indiana man was charged in a federal indictment with mail fraud after a plot surfaced over the improper purchase of properties near the Hard Rock Casino Northern Indiana, prosecutors said. He was allegedly speculating on land purchases before the Gary gaming property opened last year.

Liquidity has been an issue for Bally¡¯s: in its Q3 2022 earnings statement, the company reported $3.4B in debt and only $165M in cash on hand. The transaction with Oak Street is the third sale-leaseback deal for Bally¡¯s this year.