{"id":8085,"date":"2024-10-25T06:39:54","date_gmt":"2024-10-25T06:39:54","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2024\/10\/25\/glpi-reports-record-revenue-in-q3-2024\/"},"modified":"2024-10-25T06:39:54","modified_gmt":"2024-10-25T06:39:54","slug":"glpi-reports-record-revenue-in-q3-2024","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2024\/10\/25\/glpi-reports-record-revenue-in-q3-2024\/","title":{"rendered":"GLPI Reports Record Revenue in Q3 2024"},"content":{"rendered":"<div>\n<p>The third quarter of 2024 financial results for Gaming and Leisure Properties, Inc. (GLPI) showed strong revenue numbers. During this time, the company made a record $385.3 million, a strong 7.1% rise over the prior year. This expansion demonstrates how well GLPI has managed its real estate holdings and raised rents.<\/p>\n<h2>Strong Performance and Strategic Growth<\/h2>\n<p>Peter Carlino, Chairman and CEO of GLPI, expressed satisfaction with the company\u2019s performance. He stated, <em>\u201cGLPI\u2019s expansion and growth momentum continues unabated with strong third quarter financial results reflecting the consistent performance of our legacy tenant portfolio and the addition of two additional tenants earlier this year.\u201d<\/em> He highlighted the company\u2019s focus on mid- and long-term growth strategies, particularly through significant transactions with Bally\u2019s Corporation, which are expected to enhance performance in the fourth quarter and beyond.<\/p>\n<p>The financial highlights for the quarter also included a slight increase in net income, which reached $190.1 million. Additionally, adjusted EBITDA rose by 5.9% year-over-year, totaling $346.4 million for Q3 2024. These figures reflect GLPI\u2019s solid operational performance and strategic initiatives that aim to boost financial outcomes.<\/p>\n<p>A pivotal event for GLPI was the signing of a binding term sheet with Bally\u2019s Corporation on July 12. This agreement secured $2.07 billion in funding for Bally\u2019s ongoing Chicago casino and tower development project. Carlino elaborated on the impact of early third-quarter transactions, noting, <em>\u201cEarly in the third quarter we announced a $1.585 billion transaction with Bally\u2019s that reflects our proven, value enhancing strategy of working with our tenants to structure transactions that efficiently create and fund growth opportunities.\u201d<\/em><\/p>\n<p>Through these strategic partnerships, GLPI has successfully added <a href=\"https:\/\/igaming.org\/casino-news\/gaming-and-leisure-properties-buys-three-casinos-for-105-million\/\">three new assets to its portfolio<\/a>: Bally\u2019s Kansas City Casino, Bally\u2019s Shreveport Casino &#038; Hotel, and the upcoming Bally\u2019s permanent facility in Chicago. Notably, the company also finalized a $250 million acquisition of land designated for the Chicago casino\u2019s construction.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"BetUS\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/BetUS.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"BetUS\" target=\"_blank\" rel=\"nofollow noopener\">BetUS<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong><strong>Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. 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Despite the rise in expenses, GLPI\u2019s strategic moves and revenue growth position the company favorably for future success.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/glpi-reports-record-revenue-in-q3-2024\/\">GLPI Reports Record Revenue in Q3 2024<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The third quarter of 2024 financial results for Gaming and Leisure Properties, Inc. (GLPI) showed strong revenue numbers. During this time, the company made a record $385.3 million, a strong 7.1% rise over the prior year. This expansion demonstrates how well GLPI has managed its real estate holdings and raised rents. Strong Performance and Strategic [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-8085","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/8085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=8085"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/8085\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=8085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=8085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=8085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}