Gaming & Leisure Properties (NASDAQ: GLPI) — Company Overview, News & Financial Data
Gaming & Leisure Properties is a REIT that acquires real estate in the gaming sector, ensuring stable revenue streams.
Gaming & Leisure Properties
Gaming & Leisure Properties is a real estate investment trust focused on acquiring, financing, and owning real estate property to be leased to regional gaming operators in triple-net lease arrangements. The company's portfolio encompasses gaming and related facilities across the United States, including casino properties, integrated hotel resorts, and racinos. Its real estate holdings comprise tens of millions of square feet and thousands of acres leased to commercial casino operators. The firm generates revenue through long-term rental agreements, providing property capital solutions and sale-leaseback transactions to support the expansion and asset management needs of tenant operators in the gaming industry.
Snapshot
Operations
Products and/or services of Gaming & Leisure Properties
- Triple-Net Gaming Real Estate Leases: Leasing regional casino and gaming property space under long-term triple-net lease agreements where tenant operators handle property-level operating expenses, taxes, insurance, and ongoing structural maintenance across portfolio locations nationwide.
- Integrated Casino and Hotel Resort Properties: Owning regional resort facilities featuring casino gaming floors, hotel accommodations, dining venues, and entertainment amenities, including properties such as Tropicana Atlantic City, M Resort Spa Casino in Henderson, and Ameristar Black Hawk.
- Racino and Horse Racing Facilities: Holding real estate assets for racino properties that combine thoroughbred or harness horse racetracks with electronic gaming spaces, including Hollywood Casino at Charles Town Races and Zia Park Casino Hotel & Racetrack.
- Sale-Leaseback and Financing Solutions: Executing sale-leaseback transactions and providing customized real estate capital solutions to regional gaming and hospitality operators seeking to monetize physical property assets or fund strategic facility expansions and development projects.
- Commercial Real Estate Leasing Portfolio: Managing over twenty-nine million square feet of commercial gaming, hospitality, hotel, retail, and convention space leased to third-party gaming operators across twenty-one states in the United States.
- Land and Site Infrastructure Ownership: Holding over six thousand acres of owned and leased real estate supporting regional casino facilities, providing underlying real estate for surface parking, outdoor venues, and prospective property expansion developments.
Gaming & Leisure Properties executive team
- Mr. Peter M. CarlinoChairman of the Board & CEO
- Mr. Brandon John MoorePresident, COO & Secretary
- Ms. Desiree A. Burke CPACFO & Treasurer
- Mr. Steven L. LadanySenior VP & Chief Development Officer
- Mr. Carlo SantarelliSenior Vice President of Corporate Strategy & Investor Relations