Gaming And Leisu Stock Price, News & Analysis

Penn National Gaming reported Q3 2021 revenues of $1.5 billion, up $382.1 million YoY, and adjusted EBITDAR of $480.3 million, representing a 31.8% margin. Net income dropped to $86.1 million from $141.2 million last year. Key milestones included the launch of the Barstool Sportsbook app in five states, further expanding to ten states, and the acquisition of Score Media and Gaming. Challenges in Q3 arose from Hurricane Ida and the Delta variant, impacting profits by roughly $30 million. The company maintains a strong balance sheet with $3.4 billion in liquidity.

Gaming and Leisure Properties (GLPI) reported Q3 2021 financials with total revenue of $298.7 million, down from $307.6 million in Q3 2020. Notable increases included Income from Operations at $225.1 million (up from $200.7 million), and Net Income at $149.1 million (up from $127.1 million). Funds from Operations (FFO) climbed to $209.1 million, reflecting a solid performance. Key rental agreements, like the newly established lease with Penn National Gaming, enhance GLPI’s financial outlook. All 50 properties are operational, with strong tenant demand supporting earnings resilience.

Gaming and Leisure Properties (NASDAQ: GLPI) will announce its 2021 Q3 financial results on October 28, 2021, after market close. A conference call with CEO Peter M. Carlino and senior management is scheduled for October 29, 2021, at 10:00 a.m. ET to discuss results, performance, and a Q&A session. The call can be accessed via the company's Investor Relations website, and a playback will be available for 90 days following the call.

Gaming and Leisure Properties (GLPI) announced the appointment of JoAnne A. Epps to its Board of Directors, expanding the board to eight members. Epps, a senior advisor at Temple University and a law professor since 1985, brings extensive legal and academic experience to the board. Her past roles include Executive Vice President & Provost at Temple and Dean of its School of Law. The company believes her expertise will strengthen board diversity and enhance shareholder value as it continues to grow.

Gaming and Leisure Properties (NASDAQ: GLPI) has declared a cash dividend of $0.67 per share for Q3 2021, payable on September 24, 2021 to shareholders on record as of September 10, 2021. The company plans to continue regular quarterly dividends but will review and declare them at the discretion of its Board of Directors. GLPI operates by acquiring and leasing real estate to gaming operators under triple-net lease agreements, ensuring tenants cover all property-related expenses.

Gaming and Leisure Properties (GLPI) reported record financial results for the second quarter of 2021, with total revenue of $317.8 million, up from $262.0 million in 2020. Key metrics include net income of $138.2 million and Funds from Operations (FFO) of $195.1 million. GLPI anticipates continuous growth, projecting rent escalations from significant leases, including a $6.1 million increase from the Pinnacle Master Lease. The company has maintained strong capital returns, with a $0.67 dividend declared for the second quarter. As of July 29, 2021, all properties were operational, indicating robust recovery amidst the ongoing pandemic.

Gaming and Leisure Properties (NASDAQ: GLPI) will release its 2021 second quarter financial results on July 29, 2021, after market close. A conference call is scheduled for July 30, 2021, at 10:00 a.m. ET, where CEO Peter M. Carlino and the management team will discuss the results and recent developments. Investors can access the call via the company's Investor Relations website, with a replay available for 90 days. GLPI specializes in acquiring and owning real estate properties leased to gaming operators under triple-net lease agreements.

Gaming and Leisure Properties (NASDAQ: GLPI) has finalized its acquisition of Tropicana Evansville and Dover Downs Hotel and Casino for approximately $484 million in cash. This transaction enhances GLPI's portfolio and establishes a long-term partnership with Bally's Corporation through a triple-net lease agreement with an initial annual cash rent of $40 million. The lease spans 15 years with renewal options. The acquisition aims to bolster GLPI's regional gaming assets and operational strength, leveraging Bally's growth plans and previous successes in the gaming market.

Gaming and Leisure Properties (GLPI) declared a quarterly cash dividend of $0.67 per share for Q2 2021, marking a 3% increase from the previous quarter. The dividend is payable on June 25, 2021 to shareholders of record as of June 11, 2021.

Future dividends will be assessed quarterly by the Board of Directors at their discretion. GLPI specializes in acquiring and leasing real estate to gaming operators through triple-net lease agreements, where tenants handle all property maintenance and operations costs.