{"id":8703,"date":"2025-02-21T06:48:40","date_gmt":"2025-02-21T06:48:40","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2025\/02\/21\/gaming-and-leisure-properties-reports-record-setting-financial-performance-for-2024\/"},"modified":"2025-02-21T06:48:40","modified_gmt":"2025-02-21T06:48:40","slug":"gaming-and-leisure-properties-reports-record-setting-financial-performance-for-2024","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/02\/21\/gaming-and-leisure-properties-reports-record-setting-financial-performance-for-2024\/","title":{"rendered":"Gaming and Leisure Properties Reports Record-Setting Financial Performance for 2024"},"content":{"rendered":"<div>\n<p data-start=\"260\" data-end=\"606\">With record-breaking revenue, Gaming and Leisure Properties (GLPI) has released its financial results for the fourth quarter and the entire year 2024. The company\u2019s total revenue for FY2024 exceeded $1.5 billion, a 6.3% rise from the year before, and it made $389.6 million in Q4 2024, a 5.6% increase year over year.<\/p>\n<h2 data-start=\"608\" data-end=\"664\">Strong Financial Growth and Expanding Partnerships<\/h2>\n<p data-start=\"666\" data-end=\"924\">Net income for FY2024 rose by 6.9% to $807.6 million, while adjusted EBITDA increased by 5.1% to nearly $1.4 billion. The company attributes this success to recent acquisitions, financing agreements, and long-term leases with top regional gaming operators.<\/p>\n<p data-start=\"926\" data-end=\"1288\">GLPI Chairman and CEO Peter Carlino highlighted the company\u2019s momentum, stating, <em>\u201cOur record fourth quarter and full year financial results reflect GLPI\u2019s recent acquisitions and financing arrangements, contractual escalators and growing base of leading regional gaming operator tenants, which together are expected to drive further growth in 2025 and beyond.\u201d<\/em><\/p>\n<p data-start=\"1290\" data-end=\"1589\">In 2024, GLPI completed four sale-leaseback transactions, including the sale-leaseback of Bally\u2019s properties in Kansas City and Shreveport. These deals, structured at favorable cap rates, strengthened GLPI\u2019s relationship with Bally\u2019s and expanded its tenant portfolio to 68 regional gaming assets.<\/p>\n<p data-start=\"1634\" data-end=\"1964\">GLPI\u2019s primary revenue source remains rental income, which accounted for nearly $334 million of Q4\u2019s total revenue and $1.33 billion for FY2024. Despite operating expenses of $81.4 million in Q4 and $400.9 million for the full year, operating income grew 4.4% year-over-year to $308.2 million in Q4 and $1.13 billion for FY2024.<\/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\"><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\">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\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p data-start=\"1966\" data-end=\"2292\" data-is-last-node=\"\" data-is-only-node=\"\">Looking ahead, GLPI has raised its 2025 guidance, projecting adjusted funds from operations (AFFO) between $1.105 billion and $1.121 billion, or $3.83 to $3.88 per diluted share. With its expanding asset portfolio and strong financial performance, GLPI is well-positioned for continued growth in the gaming real estate sector.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/gaming-and-leisure-properties-reports-record-setting-financial-performance-for-2024\/\">Gaming and Leisure Properties Reports Record-Setting Financial Performance for 2024<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>With record-breaking revenue, Gaming and Leisure Properties (GLPI) has released its financial results for the fourth quarter and the entire year 2024. The company\u2019s total revenue for FY2024 exceeded $1.5 billion, a 6.3% rise from the year before, and it made $389.6 million in Q4 2024, a 5.6% increase year over year. Strong Financial Growth [&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-8703","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\/8703","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=8703"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/8703\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=8703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=8703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=8703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}