GAMING & LEISURE PPTYS INC shareholders Q3 2023

About GAMING & LEISURE PPTYS INC

Gaming & Leisure Properties Inc. (GLPI) is a real estate investment trust (REIT) that specializes in owning, acquiring, and leasing gaming and related facilities. The company's portfolio includes 44 properties in 16 states, including casinos, hotels, and racetracks.

GLPI's business model is unique in the gaming industry, as it focuses solely on owning the real estate assets of its tenants, rather than operating the gaming facilities themselves. This allows GLPI to generate stable, long-term rental income from its tenants, while avoiding the operational risks and costs associated with running a gaming business.

One of GLPI's key strengths is its diversified portfolio of properties, which includes both regional and destination casinos, as well as non-gaming assets such as hotels and office buildings. This diversification helps to mitigate the risks associated with any one particular market or tenant.

GLPI has also been successful in growing its portfolio through strategic acquisitions, such as its recent purchase of the Tropicana Las Vegas Hotel and Casino. This acquisition not only added a high-profile property to GLPI's portfolio, but also strengthened the company's relationship with its largest tenant, Penn National Gaming.

Overall, GLPI's unique business model and diversified portfolio make it an attractive investment opportunity for those looking to gain exposure to the gaming industry without taking on the operational risks associated with running a gaming business.

It's important to note that this information is for educational purposes only and has not been fact-checked. As with any investment, it's important to do your own research and consult with a financial advisor before making any investment decisions.