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Gaming and Leisure Properties, Inc. - GLPI STOCK NEWS

Welcome to our dedicated news page for Gaming and Leisure Properties (Ticker: GLPI), a resource for investors and traders seeking the latest updates and insights on Gaming and Leisure Properties.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Gaming and Leisure Properties's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Gaming and Leisure Properties's position in the market.

Rhea-AI Summary
Gaming and Leisure Properties, Inc. (GLPI) Announces Pricing of $400.0 Million Senior Notes Due 2033 at 6.750%. GLPI's operating partnership, GLP Capital, L.P., and GLP Financing II, Inc., will issue the Notes at 98.196% of par value. The Notes will be senior unsecured obligations guaranteed by GLPI, with the net proceeds intended for various corporate purposes, including property acquisition, development, and general business needs.
Rhea-AI Impact
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End-of-Day
-0.57%
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Rhea-AI Summary
PENN Entertainment, Inc. reported stable property level performance in Q3, with revenues of $1.42 billion and adjusted EBITDAR of $523.4 million. The company saw relative strength in several locations, including Ohio, Kansas, Massachusetts, and Missouri. They also announced plans to launch ESPN BET on November 14, which is expected to expand their digital ecosystem and drive customer engagement. Total liquidity as of September 30, 2023, was $2.3 billion.
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Rhea-AI Sentiment
End-of-Day
1.88%
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Rhea-AI Summary
Gaming and Leisure Properties (GLPI) announced financial results for Q3 2023, reporting total revenue of $359.6 million, a 7.7% increase YoY. Net income for the quarter was $189.3 million. GLPI also expanded its footprint through the acquisition of land associated with the Hard Rock Casino development project in Rockford, IL for $100 million and the acquisition of land and improvements at Casino Queen Marquette for $32.72 million.
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Rhea-AI Sentiment
End-of-Day
-1.35%
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Rhea-AI Summary
Gaming and Leisure Properties, Inc. to release 2023 Q3 financial results
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0.38%
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Gaming and Leisure Properties mourns the loss of board member JoAnne A. Epps
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-2.8%
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management
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Gaming and Leisure Properties, Inc. increases Q3 2023 cash dividend to $0.73 per share, up from $0.705 in Q3 2022.
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-0.04%
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dividends earnings
Rhea-AI Summary
Gaming and Leisure Properties acquires land for Hard Rock Casino in Rockford, IL for $100.0 million. GLPI enters into a ground lease with 815 Entertainment for a 99-year term with an initial annual rent of $8.0 million. GLPI also commits to providing up to $150.0 million of development funding via a term loan with an interest rate of 10.0%. The Hard Rock Casino is expected to open in September 2024 with a projected budget of $358 million. GLPI receives a right of first refusal on building improvements.
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2.15%
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0.44%
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-1.02%
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-1.66%
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Gaming and Leisure Properties, Inc.

Nasdaq:GLPI

GLPI Rankings

GLPI Stock Data

11.73B
259.33M
4.38%
91.74%
1.87%
Lessors of Nonresidential Buildings (except Miniwarehouses)
Real Estate and Rental and Leasing
Link
United States of America
WYOMISSING

About GLPI

gaming and leisure properties, inc. (the “company” or “glpi”) is a self-administered and self-managed pennsylvania reit that was incorporated on february 13, 2013 as a wholly-owned subsidiary of penn national gaming, inc. (“penn”). on november 1, 2013, penn completed the tax-free spin-off of glpi by distributing the common stock it held in glpi to penn’s shareholders. glpi owns substantially all of the assets associated with the real property interests related to penn’s gaming operations, as well as the assets and liabilities of louisiana casino cruises, inc. (“hollywood casino baton rouge”) and penn cecil maryland, inc. (“hollywood casino perryville”). glpi’s tenants include penn tenant, llc, a subsidiary of penn, which leases the real estate assets of 18 facilities related to penn’s operations, pursuant to a master lease agreement and casino queen in east st. louis, illinois. glpi elected on its u.s. federal income tax return for the taxable year beginning on january 1, 2014 to be tr