Gaming And Leisu Stock Price, News & Analysis

PENN Entertainment (Nasdaq: PENN) reported results for the three and nine months ended September 30, 2025, and announced an early termination of its U.S. online sports betting agreement with ESPN effective December 1, 2025. Key terms: cash payments to ESPN end Q4 2025, ESPN retains vested warrants to purchase 7,957,210 shares (weighted strike $28.951) and forfeit unvested warrants, and PENN plans to rebrand its U.S. OSB offering to theScore Bet (target Dec 1, subject to approvals).

Financial highlights: Q3 revenues of $1.72B, Segment Adjusted EBITDAR $465.8M (32.8% margin), Interactive revenues $297.7M (includes $139.5M tax gross-up), consolidated Adjusted EBITDA $194.9M, liquidity $1.1B, traditional net debt $2.2B, and significant share repurchases with a new $750M buyback authorized.

Gaming and Leisure Properties (NASDAQ: GLPI) reported record third quarter 2025 results and updated full‑year guidance. Q3 highlights: Total revenue $397.6M, net income $248.5M, FFO $315.5M, AFFO $282.0M, and AFFO per diluted share $0.97. Cash revenue rose 5.8% YoY; total revenue rose 3.2% YoY. Guidance: 2025 AFFO narrowed to $1.115B–$1.118B, or $3.86–$3.88 per diluted share.

Recent transactions: acquired Sunland Park real estate for $183.75M; funded $125.4M for Bally's Chicago; committed $27M land + $440M hard‑cost funding for Live! Virginia at an 8.0% cap; multiple financings with PENN and a $225M lead commitment for Caesars Republic Sonoma County.

Gaming and Leisure Properties (NASDAQ: GLPI) agreed to buy land and fund hard costs for Live! Casino & Hotel Virginia in Petersburg, VA.

Key terms: $27 million land purchase and $440 million committed hard-cost funding at an 8.0% cap rate, expected to be accretive to GLPI. Land funding targeted Q1 2026; $440 million draws expected 2H 2026 through Q1 2028. Projected permanent opening: late 2027; temporary casino planned for late Jan 2026 (regulatory approvals required). The ~$600 million resort sits on 98 acres within a broader $1.4 billion development.

Strategic Gaming Management announced on October 15, 2025 the closing of its acquisition of Sunland Park Racetrack & Casino for $301 million. Immediately after closing, Strategic sold the real property to Gaming and Leisure Properties (NASDAQ: GLPI) in a sale-leaseback.

The Sunland Park asset includes 738 slots, 12 EGTs, ~25,000 sq ft gaming space, a 1-mile track with a 733-seat stadium, and sits on ~157 acres. The transaction is the company’s third acquisition in two years. Strategic also named Matthew Flandermeyer as CFO and promoted Fred Heinrich to President of Sunland Park, both effective immediately.

Gaming and Leisure Properties (NASDAQ: GLPI) announced the acquisition of Sunland Park Racetrack & Casino's real estate assets for $183.75 million at an 8.2% initial cap rate. The transaction, expected to close on October 15, 2025, will be immediately accretive to AFFO per share.

The deal marks GLPI's second property in New Mexico and expands its relationship with Strategic Gaming Management, adding a fourth asset to their existing triple-net master lease agreement. The property features 738 slots, 12 electronic gaming tables, a 25,000 square foot gaming floor, and a 1-mile racetrack with a 733-seat stadium. Located in southern New Mexico near the Texas border, Sunland Park serves the El Paso-Las Cruces gaming market.

Gaming and Leisure Properties (NASDAQ: GLPI) has scheduled its 2025 third quarter financial results release for Thursday, October 30, 2025, after market close. The company will host a conference call on Friday, October 31, 2025, at 9:00 a.m. ET, where CEO Peter M. Carlino and senior management will discuss quarterly results and conduct a Q&A session.

Investors can access the webcast through GLPI's website and should register 15 minutes before the start time. A replay will be available for 90 days online and via telephone through November 7, 2025.

Bally's Corporation (NYSE:BALY) has secured increased commitments for its revolving credit facility (RCF) to $670 million, with $510 million extended to October 2028. The company received unanimous consent from RCF lenders for the planned $735 million sale and leaseback of Twin River Lincoln Casino Resort to Gaming and Leisure Properties (NASDAQ:GLPI).

Upon completion of the sale-leaseback transaction, Bally's will reduce secured debt by $500 million, including a 7.5% reduction in RCF commitments to $620 million and approximately 19% reduction in term loan and first lien notes. Total outstanding term loans and first lien notes are expected to decrease from $2.4 billion to $1.92 billion.

Additionally, Bally's continues progressing with its previously announced €2.7 billion sale of Bally's International Interactive business to Intralot S.A., expected to close in Q4 2025.

Gaming and Leisure Properties (GLPI) has provided an update on its $1.19 billion investment in Bally's flagship Chicago casino resort development. The project, located at the former Chicago Tribune site in River West, will feature a 178,000 square-foot casino with over 3,300 slots and 170 table games, alongside a 500-room luxury hotel.

The development, expected to open in Q4 2026, has reached several key construction milestones, including demolition completion, caisson installation, and concrete foundation work. Current activities include ongoing concrete pours, underground electrical and plumbing work, and steel erection for the casino structure.

Gaming and Leisure Properties (NASDAQ: GLPI) has announced a significant financing commitment for the development of Caesars Republic Sonoma County in partnership with Caesars Entertainment and the Dry Creek Rancheria Band of Pomo Indians. The deal includes a $225 million financing package with a blended interest rate of 12.79%.

The transaction structure involves two components: a $180 million delayed draw term loan at 12.50% fixed rate and a $45 million term loan B yielding 13.95%. Upon maturity of the 6-year terms, the property will convert to a 45-year lease agreement with minimum annual rent of $112.5 million at a 9.75% cap rate.

The new resort, located in Healdsburg, California, will feature 1,000 slot machines, 28 table games, a 100-room hotel, and various amenities. Construction began in August 2025, with completion expected in summer 2027.