| Market Capitalization (Millions $) |
11,853 |
| Shares
Outstanding (Millions) |
284 |
| Employees |
20 |
| Revenues (TTM) (Millions $) |
3,199 |
| Net Income (TTM) (Millions $) |
919 |
| Cash Flow (TTM) (Millions $) |
106 |
| Capital Exp. (TTM) (Millions $) |
1,376 |
Business Description
Gaming and Leisure Properties Inc (GLPI) is a real estate investment trust (REIT) that is focused on the gaming industry. The company was founded in 2013 and is headquartered in Wyomissing, Pennsylvania. It was spun off from Penn National Gaming, a leading operator of casinos and racetracks.
GLPI owns and leases out 49 gaming and related properties across 16 states in the US. These properties include casinos, race tracks, and other entertainment venues. With a market capitalization of approximately $8 billion, the company has distinguished itself as one of the largest and most successful gaming REITs in the US.
The company's portfolio consists of both regional and destination casinos, which offer a wide range of gaming facilities to their customers. The properties are leased out to gaming operators on a triple-net lease basis, which means that the operators are responsible for all operating expenses, including utilities, property taxes, and insurance.
GLPI's properties include Hollywood Casino Perryville, Hollywood Casino Joliet, Hollywood Casino Lawrenceburg, Hollywood Casino at Kansas Speedway, Hollywood Gaming at Dayton Raceway, Hollywood Gaming at Mahoning Valley, The Meadows Racetrack and Casino, Plainridge Park Casino and many others.
Aside from these creative locations, GLPI is continually expanding its properties through new acquisitions or strategic partnerships. Recently, it has embarked on a new growth plan by investing in the online gaming industry. In 2020, GLPI entered into a multi-year partnership with Draftkings, one of the largest online sports betting operators in the United States.
In summary, Gaming and Leisure Properties Inc is a significant player in the gaming space, focused on real estate ownership and leases in the sector. It's global outlook and vast gaming entertainment properties make it a top choice for both investors and gamers alike.
Company Address: 845 Berkshire Blvd., Suite 200 Wyomissing 19610 PA
Company Phone Number: 401-2900 Stock Exchange / Ticker: NASDAQ GLPI
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