Gaming and Leisure Properties

Gaming and Leisure Properties, Inc. Schedules Second Quarter 2020 Earnings Release and Conference Call

Wednesday, July 1, 2020 - 12:00pm

WYOMISSING, Pa., July 01, 2020 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) today announced that the Company will release its 2020 second quarter financial results after the market close on Thursday, July 30, 2020.

Key Points: 
  • WYOMISSING, Pa., July 01, 2020 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) today announced that the Company will release its 2020 second quarter financial results after the market close on Thursday, July 30, 2020.
  • The Company will host a conference call at 9:00 a.m.
  • The conference call will be available in the Investor Relations section of the Companys website at www.glpropinc.com .
  • To Participate in the Telephone Conference Call:
    Dial in at least five minutes prior to start time.

Gaming and Leisure Properties and Eldorado Resorts Enter Into Agreement for Mutually Beneficial Lease Modifications

Monday, June 15, 2020 - 9:05pm

WYOMISSING, Pa., June 15, 2020 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (GLPI or the Company) and Eldorado Resorts, Inc. (NASDAQ: ERI) (Eldorado) announced today that the companies have agreed to mutually beneficial amendments to their master lease agreement that further both companies strategies.

Key Points: 
  • WYOMISSING, Pa., June 15, 2020 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (GLPI or the Company) and Eldorado Resorts, Inc. (NASDAQ: ERI) (Eldorado) announced today that the companies have agreed to mutually beneficial amendments to their master lease agreement that further both companies strategies.
  • The Amended and Restated Master Lease (the Master Lease) is subject to the review of certain gaming regulatory agencies and the expiration of applicable gaming regulatory advance notice periods.
  • Beginning on October 1, 2026 and for all subsequent lease years, the Master Lease will include a 2.0% fixed annual escalator.
  • Peter Carlino, Chief Executive Officer of Gaming and Leisure Properties, commented, This mutually beneficial agreement demonstrates our continued commitment to improve the durability and predictability of our rental cash flows.

Eldorado Resorts to Reopen Three Missouri Casinos and Two Iowa Casinos Today

Monday, June 1, 2020 - 1:30pm

With todays reopenings in Missouri and Iowa, 11 of Eldorados 23 casino entertainment facilities have resumed operations following the suspension of operations in March.

Key Points: 
  • With todays reopenings in Missouri and Iowa, 11 of Eldorados 23 casino entertainment facilities have resumed operations following the suspension of operations in March.
  • With our recent successful property reopenings in Louisiana and Mississippi, we are extremely excited to reopen our doors at five properties in Missouri and Iowa this morning.
  • Eldorado has developed a comprehensive list of health and safety protocols which are being implemented in Louisiana, Mississippi, Missouri, Iowa and other gaming markets where it has operations as they reopen.
  • For more information, please visit www.eldoradoresorts.com/health-and-safety
    Eldorado Resorts is a leading casino entertainment company that owns and operates twenty-three properties in eleven states, including Colorado, Florida, Illinois, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, New Jersey, and Ohio.

Penn National Gaming Announces Reopening of Its 10 Casinos in Louisiana and Mississippi

Wednesday, May 20, 2020 - 2:30pm

Penn National Gaming, Inc. (NASDAQ: PENN) (Penn National or the Company) announced today that on May 18, 2020, the Company successfully reopened its five casino properties in Louisiana.

Key Points: 
  • Penn National Gaming, Inc. (NASDAQ: PENN) (Penn National or the Company) announced today that on May 18, 2020, the Company successfully reopened its five casino properties in Louisiana.
  • The Company also announced that it plans to reopen its five casinos in Mississippi on Thursday, May 21, 2020, pending final regulatory approval.
  • Penn National has implemented property-specific comprehensive social distancing and safety protocols, developed in close consultation with state regulators and public health officials.
  • Penn National Gaming owns, operates or has ownership interests in 41 gaming and racing properties in 19 jurisdictions and video gaming terminal operations with a focus on slot machine entertainment.

GAMING AND LEISURE PROPERTIES, INC. SCHEDULES FIRST QUARTER 2020 EARNINGS RELEASE AND CONFERENCE CALL

Thursday, April 9, 2020 - 2:42pm

WYOMISSING, Pa., April 09, 2020 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) today announced that the Company will release its 2020 first quarter financial results after the market close on Thursday, April 30, 2020.

Key Points: 
  • WYOMISSING, Pa., April 09, 2020 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) today announced that the Company will release its 2020 first quarter financial results after the market close on Thursday, April 30, 2020.
  • The Company will host a conference call at 9:00 a.m.
  • The conference call will be available in the Investor Relations section of the Companys website at www.glpropinc.com .
  • To Participate in the Telephone Conference Call:
    Dial in at least five minutes prior to start time.

GAMING AND LEISURE PROPERTIES ENTERS INTO AGREEMENTS WITH PENN NATIONAL GAMING

Friday, March 27, 2020 - 9:15pm

WYOMISSING, Pa., March 27, 2020 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (GLPI or the Company), today announced that it has reached agreements with Penn National Gaming, Inc. (PENN: Nasdaq) (Penn National) wherein the Company will acquire the real estate assets of the Tropicana Las Vegas hotel and casino and the land for Penn Nationals Morgantown, Pennsylvania development in exchange for an aggregate non-cash rent payment of $337.5 million.

Key Points: 
  • WYOMISSING, Pa., March 27, 2020 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (GLPI or the Company), today announced that it has reached agreements with Penn National Gaming, Inc. (PENN: Nasdaq) (Penn National) wherein the Company will acquire the real estate assets of the Tropicana Las Vegas hotel and casino and the land for Penn Nationals Morgantown, Pennsylvania development in exchange for an aggregate non-cash rent payment of $337.5 million.
  • Furthermore, Penn National is granting GLPI downside protection for any future competitive impact that Penn Nationals new Category 4 developments in Pennsylvania may have on the GLPI facilities subject to the Penn National master lease.
  • Penn National will otherwise make cash rent payments for its obligations to GLPI including cash rent in April, September, November, and December.
  • Pursuant to the agreement, GLPI has granted Penn National an option to acquire the operations of Hollywood Casino Perryville, one of its taxable REIT subsidiary (TRS) properties, subject to the execution of a lease agreement with Penn National.

GAMING AND LEISURE PROPERTIES, INC. PROVIDES BUSINESS UPDATE

Monday, March 23, 2020 - 8:05pm

WYOMISSING, Pa., March 23, 2020 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (the Company), today provided an update on its business given the evolving situation surrounding the nationwide spread of COVID-19 and the related efforts to contain the virus.

Key Points: 
  • WYOMISSING, Pa., March 23, 2020 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (the Company), today provided an update on its business given the evolving situation surrounding the nationwide spread of COVID-19 and the related efforts to contain the virus.
  • The Companys properties reported strong Gross Gaming Revenue in January and February that exceeded its internal projections.
  • GLPI expects to grow its portfolio by pursuing opportunities to acquire additional gaming facilities to lease to gaming operators.
  • Investor Relations Gaming and Leisure Properties, Inc.

Boyd Gaming Announces Temporary Closures Of Properties In Nevada, Iowa, Kansas And Missouri

Wednesday, March 18, 2020 - 1:30am

In compliance with that order, Boyd Gaming will close the gaming operations of its 12 southern Nevada properties by midnight Pacific Time tonight, March 17.

Key Points: 
  • In compliance with that order, Boyd Gaming will close the gaming operations of its 12 southern Nevada properties by midnight Pacific Time tonight, March 17.
  • In Missouri, in compliance with orders from the Missouri Gaming Commission, Ameristar St. Charles and Ameristar Kansas City will temporarily close to the public at 10 p.m. Central Time tonight (March 17).
  • Following these closures, all Boyd Gaming properties nationwide will be closed to the public.
  • Founded in 1975, Boyd Gaming Corporation (NYSE: BYD) is a leading geographically diversified operator of 29 gaming entertainment properties in 10 states.

Penn National Gaming to Temporarily Suspend Operations at Hollywood Casino at Charles Town Races in West Virginia

Wednesday, March 18, 2020 - 1:20am

Penn National Gaming, Inc. (NASDAQ: PENN) (Penn National or the Company) announced today that pursuant to an order from Governor Jim Justice, it will temporarily suspend operations at Hollywood Casino at Charles Town Races beginning tonight at midnight as a precautionary measure against the ongoing spread of COVID-19.

Key Points: 
  • Penn National Gaming, Inc. (NASDAQ: PENN) (Penn National or the Company) announced today that pursuant to an order from Governor Jim Justice, it will temporarily suspend operations at Hollywood Casino at Charles Town Races beginning tonight at midnight as a precautionary measure against the ongoing spread of COVID-19.
  • The health and well-being of our guests and team members will always be our paramount concern, said Jay Snowden, President and CEO of Penn National Gaming.
  • As for our nearly 1,300 team members at Hollywood Casino Hotel at Charles Town Races who will be impacted by this temporary closure, we plan to continue to pay their wages and benefits through the end of March.
  • Penn National Gaming owns, operates or has ownership interests in 41 gaming and racing properties in 19 jurisdictions and video gaming terminal operations with a focus on slot machine entertainment.

Penn National Gaming to Temporarily Suspend Operations at Its Casinos in Missouri

Tuesday, March 17, 2020 - 9:27pm

Penn National Gaming, Inc. (NASDAQ: PENN) (Penn National or the Company) announced today that pursuant to an order from Missouri Gaming Commission (MGC) it will temporarily suspend operations at Argosy Casino Riverside, Hollywood Casino St. Louis, and River City Casino & Hotel beginning at midnight tonight through March 30, 2020 as a precautionary measure against the ongoing spread of COVID-19.

Key Points: 
  • Penn National Gaming, Inc. (NASDAQ: PENN) (Penn National or the Company) announced today that pursuant to an order from Missouri Gaming Commission (MGC) it will temporarily suspend operations at Argosy Casino Riverside, Hollywood Casino St. Louis, and River City Casino & Hotel beginning at midnight tonight through March 30, 2020 as a precautionary measure against the ongoing spread of COVID-19.
  • The health and well-being of our guests and team members will always be our paramount concern, said Jay Snowden, President and CEO of Penn National Gaming.
  • Penn National Gaming owns, operates or has ownership interests in 41 gaming and racing properties in 19 jurisdictions and video gaming terminal operations with a focus on slot machine entertainment.
  • In total, Penn Nationals properties feature approximately 50,000 gaming machines, 1,300 table games and 8,800 hotel rooms.