GLPI

Gaming and Leisure Properties Appoints Debra Martin Chase to Board of Directors

Retrieved on: 
Wednesday, April 24, 2024
Mount Holyoke College, Doctor, Harvard Law School, B&G Foods, The Broadway League, BGS, Death, Trustee, Television Academy, Growth, Female, Tenneco, Knowledge, Producer, Audit committee, Television, Jo-Anne, Second, GLPI, Avon Products

The appointment of Ms. Chase to the Board of Directors brings the total number of directors to eight, seven of whom are considered independent according to the listing standards of the Nasdaq Stock Exchange.

Key Points: 
  • The appointment of Ms. Chase to the Board of Directors brings the total number of directors to eight, seven of whom are considered independent according to the listing standards of the Nasdaq Stock Exchange.
  • Ms. Chase has also been appointed as a member of the Nominating and Corporate Governance Committee of the Board of Directors, effective immediately.
  • Ms. Chase is the founder and Chief Executive Officer of an entertainment production company doing business as Martin Chase Productions.
  • Ms. Chase holds degrees from Mount Holyoke College, including an honorary Doctorate of Arts, and the Harvard Law School.

Caesars Entertainment, Inc. Reports First Quarter 2024 Results

Retrieved on: 
Tuesday, April 30, 2024
Casino, Gaming, Entertainment, Lodging, Travel, Investment, PIN, CEI, Depreciation, Public expenditure, Line of credit, GLPI, Vici Properties

“On April 26th, our Caesars Virginia joint venture successfully closed on a new five-year $425 million pro rata bank financing.

Key Points: 
  • “On April 26th, our Caesars Virginia joint venture successfully closed on a new five-year $425 million pro rata bank financing.
  • This financing will be used to fund the remaining capex associated with the permanent casino resort facility, which is expected to open in December 2024.
  • We anticipate using free cash flows to continue to reduce debt in 2024,” said Bret Yunker, Chief Financial Officer.
  • The Company will host a conference call to discuss its results on April 30, 2024 at 2 p.m. Pacific Time, 5 p.m. Eastern Time.

Gaming and Leisure Properties Acquires Real Estate Assets of Tioga Downs Casino Resort for $175 Million

Retrieved on: 
Tuesday, February 6, 2024
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WYOMISSING, Pa., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI”) announced today that it acquired the real estate assets of Tioga Downs Casino Resort (“Tioga Downs”) in Nichols, NY from American Racing & Entertainment, LLC (“American Racing”) for $175.0 million.

Key Points: 
  • WYOMISSING, Pa., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI”) announced today that it acquired the real estate assets of Tioga Downs Casino Resort (“Tioga Downs”) in Nichols, NY from American Racing & Entertainment, LLC (“American Racing”) for $175.0 million.
  • Located in Nichols, NY, Tioga Downs Casino Resort is a roughly 162-acre property that features a 32,600 sq.
  • Tioga Downs further diversifies our portfolio, expanding it to 62 properties across 19 states with 8 tenants.
  • Citizens JMP Securities acted as financial advisor to Gaming and Leisure Properties.

Gaming and Leisure Properties Applauds Major League Baseball’s Landmark Decision to Bring the MLB Athletics to Las Vegas

Retrieved on: 
Thursday, November 16, 2023
Gaming and Leisure Properties, Major League Baseball, NYSE, Oakland Athletics, Athletics, Para-athletics, Letter, GLPI, Sport

WYOMISSING, Pa., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (“GLPI”) (NASDAQ: GLPI) today issued the following statement following the announcement by Major League Baseball (“MLB”) that the league’s owners have approved the move of MLB’s Athletics (“A’s”) franchise to Las Vegas:

Key Points: 
  • WYOMISSING, Pa., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (“GLPI”) (NASDAQ: GLPI) today issued the following statement following the announcement by Major League Baseball (“MLB”) that the league’s owners have approved the move of MLB’s Athletics (“A’s”) franchise to Las Vegas:
    “Today’s approval from Major League Baseball represents an important milestone in the collective effort to bring the Athletics’ franchise to Las Vegas.
  • We are excited about the opportunity to work with our partners to develop and construct an entertainment and casino resort integrated with the new A’s stadium on Gaming and Leisure Properties’ property to reinvent the site on the south end of the iconic Las Vegas Strip.
  • The letter of intent provides for the Athletics to be granted fee ownership by GLPI of approximately 9 acres of GLPI’s 35-acre site for construction of the stadium.
  • The letter of intent stipulates that the Athletics will assume all costs associated with the design, development, and construction of the stadium and Bally’s Corporation shall assume all costs for the entertainment and casino resort and hotel.

Gaming and Leisure Properties Announces Pricing of $400,000,000 of 6.750% Senior Notes Due 2033

Retrieved on: 
Wednesday, November 15, 2023
Sale, Issuer, Acquisition, Wells Fargo, GLP, EDGAR, Security (finance), J.P. Morgan & Co., Database, Public expenditure, Goldman Sachs, SMBC Nikko Securities, Note, Prospectus, BofA Securities, RBC Capital Markets, Partnership, GLPI

The Notes priced at 98.196% of par value, with a coupon of 6.750% and will mature on December 1, 2033.

Key Points: 
  • The Notes priced at 98.196% of par value, with a coupon of 6.750% and will mature on December 1, 2033.
  • The Notes will be senior unsecured obligations of the Issuers, guaranteed by GLPI.
  • The offering is expected to close on November 22, 2023, subject to certain closing conditions.
  • Any offer or sale will be made only by means of the prospectus supplement and prospectus forming part of the effective registration statement relating to these securities.

Gaming and Leisure Properties, Inc. Mourns the Loss of Board Member JoAnne A. Epps

Retrieved on: 
Wednesday, September 20, 2023
GLPI, Family, Gaming and Leisure Properties, Friends, Jo-Anne, Temple University, JoAnne A. Epps, Temple University Hospital, Management

WYOMISSING, Pa., Sept. 20, 2023 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) - mourns the loss of board member, JoAnne A. Epps, who passed away suddenly on Tuesday, September 19th.

Key Points: 
  • WYOMISSING, Pa., Sept. 20, 2023 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) - mourns the loss of board member, JoAnne A. Epps, who passed away suddenly on Tuesday, September 19th.
  • JoAnne joined the Board of Directors in September 2021, providing invaluable counsel to the management team throughout her tenure as a Board member.
  • Gaming and Leisure Properties Chairman and Chief Executive Officer, Peter M. Carlino, stated, “We are deeply saddened by the passing of our friend and fellow board member, JoAnne Epps.
  • It was a privilege for me and my fellow Board members to have worked alongside JoAnne.

Gaming and Leisure Properties Acquires Land Under the Hard Rock Casino in Rockford, IL for $100 Million, Enters into 99-Year Ground Lease with Tenant

Retrieved on: 
Tuesday, August 29, 2023
Hard rock, Hard Rock Cafe, Lender option borrower option, Hard Rock Casino Cincinnati, Interstate 90, SMBC Nikko Securities, Gaming and Leisure Properties, Tenant, Creativity, Jefferies Group, Acquisition, GLPI, Interstate Highway System

Simultaneous with the land acquisition, GLPI entered into a ground lease with 815 Entertainment for a 99-year term.

Key Points: 
  • Simultaneous with the land acquisition, GLPI entered into a ground lease with 815 Entertainment for a 99-year term.
  • The term loan is prepayable without penalty following the opening of the Hard Rock Casino in Rockford, IL, which is expected in September 2024.
  • Primely located just off Interstate 90 in Rockford, IL, The Hard Rock Casino in Rockford, IL will consist of approximately 177,000 sq.
  • “We are really looking forward to opening another world-class entertainment property with Hard Rock Casino Rockford.”
    CBRE Securities acted as financial advisor to Gaming and Leisure Properties.

Caesars Entertainment, Inc. Reports First Quarter 2023 Results

Retrieved on: 
Tuesday, May 2, 2023
Other Entertainment, Lodging, Destinations, Travel, Online, Casino, Gaming, Tourist Attractions, Entertainment, CEI, Line of credit, Sale, Public expenditure, PIN, EBITDA, Investment, GLPI, Depreciation, Baltimore, Vici Properties, Bank, Bookkeeping, Adjustment

“On May 1st we fully redeemed the $400 million Caesars Forum Convention Center mortgage note due 2025 resulting in over $32 million in annual interest expense savings.

Key Points: 
  • “On May 1st we fully redeemed the $400 million Caesars Forum Convention Center mortgage note due 2025 resulting in over $32 million in annual interest expense savings.
  • We ended the quarter with total net leverage as calculated under our bank credit facility of 4.2x as of March 31, 2023,” said Bret Yunker, Chief Financial Officer.
  • The Company will host a conference call to discuss its results on May 2, 2023 at 2 p.m. Pacific Time, 5 p.m. Eastern Time.
  • The call will also be accessible on the Investor Relations section of Caesars Entertainment’s website at https://investor.caesars.com .

Gaming and Leisure Properties, Inc. Completes Previously Announced Sale Leaseback Transaction with Bally’s for Tiverton, RI and Biloxi, MS Properties

Retrieved on: 
Wednesday, January 4, 2023
Calendar, OP, RI, MS, Bally's Corporation, Acquisition, NYSE, Consumer, GLPI, CPI, Renting

These properties were added to the Company’s existing Master Lease with Bally’s.

Key Points: 
  • These properties were added to the Company’s existing Master Lease with Bally’s.
  • The Master Lease has an initial term of 15 years (with 14 years remaining) followed by four five-year renewals at the tenant’s option.
  • In connection with the closing, a $200.0 million deposit funded by GLPI in September 2022 was credited to the Company along with a $9.0 million transaction fee.
  • Concurrent with the transaction’s closing, GLPI will draw upon its previously structured delayed draw term loan for $600 million to credit towards the closing.

Gaming and Leisure Properties, Inc. Declares Fourth Quarter 2022 Cash Dividend of $0.705 Per Share

Retrieved on: 
Wednesday, November 23, 2022
COVID-19, GLPI, REIT, Insurance, Federal Lands Jobs and Energy Security Act, Annual report, Maintenance, Pandemic, Sumathi Best Television Current Reporting Award, Bally, Tenant, Security (finance), Tax, Acquisition, Person, Holding company, Property management

WYOMISSING, Pa., Nov. 23, 2022 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (the Company), announced today that the Companys Board of Directors has declared the fourth quarter 2022 cash dividend of $0.705 per share of its common stock.

Key Points: 
  • WYOMISSING, Pa., Nov. 23, 2022 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (the Company), announced today that the Companys Board of Directors has declared the fourth quarter 2022 cash dividend of $0.705 per share of its common stock.
  • The dividend is payable on December 23, 2022 to shareholders of record on December 9, 2022.
  • The fourth quarter 2021 regular way cash dividend was $0.67 per share of the Companys common stock.
  • In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release may not occur as presented or at all.