{"id":8101,"date":"2024-10-29T06:44:04","date_gmt":"2024-10-29T06:44:04","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2024\/10\/29\/gaming-leisure-properties-achieves-record-q3-revenue-during-strategic-growth-initiatives\/"},"modified":"2024-10-29T06:44:04","modified_gmt":"2024-10-29T06:44:04","slug":"gaming-leisure-properties-achieves-record-q3-revenue-during-strategic-growth-initiatives","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2024\/10\/29\/gaming-leisure-properties-achieves-record-q3-revenue-during-strategic-growth-initiatives\/","title":{"rendered":"<div>Gaming &amp; Leisure Properties Achieves Record Q3 Revenue During Strategic Growth Initiatives<\/div>"},"content":{"rendered":"<div>\n<p>With its smart acquisitions and growing alliances in important gaming regions, Gaming &#038; Leisure Properties (GLPI) has reported remarkable financial results for the <a href=\"https:\/\/igaming.org\/casino-news\/glpi-reports-record-revenue-in-q3-2024\/\">third quarter of 2024<\/a>. Revenue from the real estate investment trust (REIT) was $385.3 million, a significant 7.1% rise over the prior year. Furthermore, GLPI\u2019s revenue came to $190.1 million, which was supported by a healthy $346.4 million cash flow. Adjusted Funds from Operations (AFFO) increased 6.8% for the corporation, which also enabled it to increase its dividend from $0.73 per share in 2023 to $0.76 per share.<\/p>\n<h2><strong>Strategic Acquisitions Fuel Growth<\/strong><\/h2>\n<p>This year, GLPI has invested over $2 billion in acquisitions and developments, solidifying its position in regional gaming markets. During Q3, the company acquired Bally\u2019s Kansas City and Bally\u2019s Shreveport while securing land for the highly anticipated Bally\u2019s Chicago casino. This brings GLPI\u2019s total investment to $1.585 billion. The Chicago development is projected to become a prominent destination casino resort, generating an annual rent of $20 million.<\/p>\n<p>Peter Carlino, Chairman and CEO of GLPI, stated,<em> \u201cThe completion of the Chicago land purchase is a significant milestone toward the development of Bally\u2019s Chicago, which is expected to be a must-visit destination casino resort in the heart of Chicago.\u201d<\/em><\/p>\n<p>Additionally, this year, GLPI has backed a number of initiatives, including as lending the Ione Band of Miwok Indians $110 million for a casino project close to Sacramento, California. Additionally, $111 million was set aside by the business to finance a land-based alternative to the Belle of Baton Rouge riverboat casino. Additional purchases totaling more than $280 million include Tioga Downs, Baldini\u2019s Casino, Deadwood Mountain Grand, and Silverado Franklin.<\/p>\n<p>GLPI\u2019s growth strategy centers on \u201cvalue-enhancing\u201d partnerships and disciplined investments. The firm reported an average yield of 8.4% on its 2024 investments, demonstrating its commitment to maximizing shareholder value. Carlino emphasized, <em>\u201cOur disciplined capital investment approach and relationships with the industry\u2019s leading operators combined with our focus on stable and resilient regional gaming markets, supports our confidence that the company is well positioned to further grow our cash dividend and drive long-term shareholder value.\u201d<\/em><\/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\/katsubet-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"Katsubet\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Katsubet.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\/katsubet-casino\/\" title=\"Katsubet\" target=\"_blank\" rel=\"nofollow noopener\">Katsubet<\/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>5BTC or 111% + 111 Free Spins!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive 111% Welcome Bonus  + 111 Free Spins<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/katsubet-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>In partnership with Bally\u2019s, GLPI is also contributing to the redevelopment of the 35-acre Las Vegas Strip site previously occupied by the Tropicana. Plans include constructing a 30,000-seat stadium, integrated with a casino resort facility, further enhancing the company\u2019s portfolio and market presence.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/gaming-leisure-properties-achieves-record-q3-revenue-during-strategic-growth-initiatives\/\">Gaming &#038; Leisure Properties Achieves Record Q3 Revenue During Strategic Growth Initiatives<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>With its smart acquisitions and growing alliances in important gaming regions, Gaming &#038; Leisure Properties (GLPI) has reported remarkable financial results for the third quarter of 2024. Revenue from the real estate investment trust (REIT) was $385.3 million, a significant 7.1% rise over the prior year. Furthermore, GLPI\u2019s revenue came to $190.1 million, which was [&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-8101","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\/8101","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=8101"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/8101\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=8101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=8101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=8101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}