Gaming And Leisure Properties Enters Binding Term Sheet With Bally's Corporation: Deal Totals $1.585B At Blended 8.3% Initial Cash Yield

7/12/24 7:08:21 AM ET

$BALY

$GLPI

Hotels/Resorts

Consumer Discretionary

Real Estate Investment Trusts

Real Estate

Get the next $BALY alert in real time by email

Multi-Faceted Transaction Further Expands and Diversifies GLPI's Industry-Leading Regional Property Portfolio; Provides Bally's with Financing for its Highly-Anticipated Flagship Chicago Casino Facility.
GLPI intends to fund construction hard costs of up to $940 million at an 8.5% initial cash yield with the remainder to be funded by Bally's with the sale leaseback proceeds related to Bally's Kansas City and Bally's Shreveport along with other funding sources such as Bally's Chicago's planned initial public offering and cash flows from operations. Funding is expected to occur from August 2024 through December 2026.

Get the next $BALY alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$BALY
$GLPI

Company	Date	Price Target	Rating	Analyst
Gaming and Leisure Properties Inc. $GLPI	8/23/2024	$57.00	Peer Perform → Outperform	Wolfe Research
Bally's Corporation $BALY	1/17/2024		Outperform → Neutral	Macquarie
Bally's Corporation $BALY	1/5/2024	$10.00	Equal Weight → Underweight	Wells Fargo
Gaming and Leisure Properties Inc. $GLPI	12/14/2023	$48.00	Overweight → Neutral	JP Morgan
Gaming and Leisure Properties Inc. $GLPI	12/11/2023	$50.00 → $47.00	Buy → Neutral	Mizuho
Gaming and Leisure Properties Inc. $GLPI	12/8/2023	$51.00	Neutral	Goldman
Gaming and Leisure Properties Inc. $GLPI	10/3/2023	$51.00	Outperform	Wedbush
Gaming and Leisure Properties Inc. $GLPI	9/21/2023	$50.00	Equal Weight	Wells Fargo

More analyst ratings

$BALY
$GLPI
Financials

Live finance-specific insights

Bally's to Report Third Quarter 2024 Results on November 6, 2024
Bally's Corporation (NYSE:BALY) announced today that it will release financial results for the third quarter 2024 after market close on Wednesday, November 6, 2024. Management will host a conference call on the same day at 4:30 p.m. EDT to discuss results. To access the conference call, please dial (800) 445-7795 (U.S. toll-free) and reference conference ID BALYQ324. An online audio webcast of the conference call will be available via the Investor Relations section of the Company's website https://ballys.com. An online archive of the webcast will be available for 120 days. About Bally's Corporation Bally's Corporation is a global casino-entertainment company with a growing omni-channel
10/28/24 10:30:00 AM ET
$BALY
Hotels/Resorts
Consumer Discretionary
Gaming and Leisure Properties Reports Record Third Quarter 2024 Results
WYOMISSING, Pa., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) ("GLPI" or the "Company") today announced financial results for the quarter ended September 30, 2024. Financial Highlights Three Months Ended September 30,(in millions, except per share data) 2024 2023Total Revenue $385.3 $359.6Income from Operations $271.4 $268.3Net Income $190.1 $189.3FFO (1) (4) $250.6 $254.4AFFO (2) (4) $268.2 $251.2Adjusted EBITDA (3) (4) $346.4 $327.1Net income, per diluted common share and OP units (4) $0.67 $0.70FFO, per diluted common share and OP units (4) $0.89 $0.94AFFO, per diluted common share and OP units (4) $0.95 $0.92 ________________
10/24/24 4:15:00 PM ET
$BALY
$BYD
$CZR
$GLPI
Hotels/Resorts
Consumer Discretionary
Real Estate Investment Trusts
Real Estate
Gaming and Leisure Properties, Inc. Schedules Third Quarter 2024 Earnings Release and Conference Call
WYOMISSING, Pa., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) announced today that the Company will release its 2024 third quarter financial results after the market close on Thursday, October 24, 2024. The Company will host a conference call at 10:00 a.m. ET on Friday, October 25, 2024. During the conference call, Peter M. Carlino, Chairman and Chief Executive Officer, and senior management, will review the quarter's results and performance, discuss recent events and conduct a question-and-answer period. Webcast:The conference call will be available in the Investor Relations section of the Company's website at www.glpropinc.com. To listen to a live
10/1/24 10:00:00 AM ET
$GLPI
Real Estate Investment Trusts
Real Estate

$BALY
$GLPI
Leadership Updates

Live Leadership Updates

Gaming and Leisure Properties Appoints Debra Martin Chase to Board of Directors
WYOMISSING, Pa., April 24, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) (the "Company"), announced today that Debra Martin Chase has been appointed to the Board of Directors as a new independent director, effective immediately, to fill the vacancy created by the previously disclosed passing of JoAnne A. Epps. The appointment of Ms. Chase to the Board of Directors brings the total number of directors to eight, seven of whom are considered independent according to the listing standards of the Nasdaq Stock Exchange. Ms. Chase has also been appointed as a member of the Nominating and Corporate Governance Committee of the Board of Directors, effective immediately.
4/24/24 8:00:00 AM ET
$BGS
$BRDG
$GLPI
Packaged Foods
Consumer Staples
Investment Managers
Finance
Bally's Names Don Westcott as SVP, Global Chief Compliance Officer, and Tammi Barlow as Inaugural VP of Global Responsibility and Social Impact
Appointments support Bally's ongoing commitment to compliance and global responsibility PROVIDENCE, R.I., Sept. 21, 2023 /PRNewswire/ -- Bally's Corporation (NYSE:BALY) today announced the appointment of Don Westcott as SVP, Global Chief Compliance Officer, and Tammi Barlow as Inaugural VP of Global Responsibility and Social Impact. Kim M. Barker, Executive Vice President, Chief Legal Officer Bally's, said, "On behalf of the entire leadership team, I am pleased to welcome Don and Tammi to Bally's. Their deep expertise enables Bally's to continue our progress toward building i
9/21/23 4:15:00 PM ET
$BALY
Hotels/Resorts
Consumer Discretionary
Bally's Names Marcus Glover Executive Vice President And Chief Financial Officer And Appoints Jaymin B. Patel As Vice Chairman
Appointments support Bally's ongoing global growth and diversification strategy PROVIDENCE, R.I., May 9, 2023 /PRNewswire/ -- Bally's Corporation (NYSE:BALY) today announced that Marcus Glover has been appointed as Bally's Executive Vice President ("EVP") and Chief Financial Officer ("CFO"). Bobby Lavan, Bally's current CFO, will be leaving the Company to pursue another opportunity. He will be available to management, as needed, to ensure a seamless transition. Mr. Glover's appointment is subject to receipt of customary regulatory approvals. Mr. Glover is a senior executive in
5/9/23 6:45:00 AM ET
$BALY
Hotels/Resorts
Consumer Discretionary

Bally's to Report Third Quarter 2024 Results on November 6, 2024
Bally's Corporation (NYSE:BALY) announced today that it will release financial results for the third quarter 2024 after market close on Wednesday, November 6, 2024. Management will host a conference call on the same day at 4:30 p.m. EDT to discuss results. To access the conference call, please dial (800) 445-7795 (U.S. toll-free) and reference conference ID BALYQ324. An online audio webcast of the conference call will be available via the Investor Relations section of the Company's website https://ballys.com. An online archive of the webcast will be available for 120 days. About Bally's Corporation Bally's Corporation is a global casino-entertainment company with a growing omni-channel
10/28/24 10:30:00 AM ET
$BALY
Hotels/Resorts
Consumer Discretionary
Gaming and Leisure Properties Reports Record Third Quarter 2024 Results
WYOMISSING, Pa., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) ("GLPI" or the "Company") today announced financial results for the quarter ended September 30, 2024. Financial Highlights Three Months Ended September 30,(in millions, except per share data) 2024 2023Total Revenue $385.3 $359.6Income from Operations $271.4 $268.3Net Income $190.1 $189.3FFO (1) (4) $250.6 $254.4AFFO (2) (4) $268.2 $251.2Adjusted EBITDA (3) (4) $346.4 $327.1Net income, per diluted common share and OP units (4) $0.67 $0.70FFO, per diluted common share and OP units (4) $0.89 $0.94AFFO, per diluted common share and OP units (4) $0.95 $0.92 ________________
10/24/24 4:15:00 PM ET
$BALY
$BYD
$CZR
$GLPI
Hotels/Resorts
Consumer Discretionary
Real Estate Investment Trusts
Real Estate
Gaming and Leisure Properties, Inc. Schedules Third Quarter 2024 Earnings Release and Conference Call
WYOMISSING, Pa., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) announced today that the Company will release its 2024 third quarter financial results after the market close on Thursday, October 24, 2024. The Company will host a conference call at 10:00 a.m. ET on Friday, October 25, 2024. During the conference call, Peter M. Carlino, Chairman and Chief Executive Officer, and senior management, will review the quarter's results and performance, discuss recent events and conduct a question-and-answer period. Webcast:The conference call will be available in the Investor Relations section of the Company's website at www.glpropinc.com. To listen to a live
10/1/24 10:00:00 AM ET
$GLPI
Real Estate Investment Trusts
Real Estate

Gaming And Leisure Properties Enters Binding Term Sheet With Bally's Corporation: Deal Totals $1.585B At Blended 8.3% Initial Cash Yield

Chat with this insight

Recent Analyst Ratings for $BALY$GLPI

$BALY$GLPI Large Ownership Changes

This live feed shows all institutional transactions in real time.

Amendment: SEC Form SC 13D/A filed by Bally's Corporation

SEC Form SC 13D filed by Bally's Corporation

Amendment: SEC Form SC 13D/A filed by Bally's Corporation

$BALY$GLPI Financials

Live finance-specific insights

Bally's to Report Third Quarter 2024 Results on November 6, 2024

Gaming and Leisure Properties Reports Record Third Quarter 2024 Results

Gaming and Leisure Properties, Inc. Schedules Third Quarter 2024 Earnings Release and Conference Call

$BALY$GLPI SEC Filings

Bally's Corporation filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

Gaming and Leisure Properties Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

SEC Form 10-Q filed by Gaming and Leisure Properties Inc.

$BALY$GLPI Market Insights

Live Market Insights

Bally's Enters Into Merger Agreement With Standard General L.P., Will Acquire The Company's Outstanding Shares For $18.25 Per Bally's Share

Scotiabank Maintains Sector Perform on Gaming and Leisure Props, Raises Price Target to $50

UBS Maintains Buy on Gaming and Leisure Props, Raises Price Target to $61

$BALY$GLPI Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Director Urdang E Scott sold $151,170 worth of shares (3,000 units at $50.39), decreasing direct ownership by 2% to 146,800 units (SEC Form 4)

Director Urdang E Scott sold $345,352 worth of shares (6,885 units at $50.16), decreasing direct ownership by 4% to 149,800 units (SEC Form 4)

Director Kim Soohyung disposed of 1,740,000 shares (SEC Form 4)

$BALY$GLPI Leadership Updates

Live Leadership Updates

Gaming and Leisure Properties Appoints Debra Martin Chase to Board of Directors

Bally's Names Don Westcott as SVP, Global Chief Compliance Officer, and Tammi Barlow as Inaugural VP of Global Responsibility and Social Impact

Bally's Names Marcus Glover Executive Vice President And Chief Financial Officer And Appoints Jaymin B. Patel As Vice Chairman

$BALY$GLPI Press Releases

Fastest customizable press release news feed in the world

$BALY$GLPI Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

$BALY$GLPI Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Bally's to Report Third Quarter 2024 Results on November 6, 2024

Gaming and Leisure Properties Reports Record Third Quarter 2024 Results

Gaming and Leisure Properties, Inc. Schedules Third Quarter 2024 Earnings Release and Conference Call

Urdang E Scott bought $112,500 worth of shares (2,500 units at $45.00), increasing direct ownership by 2% to 156,685 units (SEC Form 4)

Wilson Wanda Y. bought $18,200 worth of shares (2,000 units at $9.10), increasing direct ownership by 7% to 28,721 units (SEC Form 4)

Rollins Jeffrey W bought $50,000 worth of shares (5,000 units at $10.00), increasing direct ownership by 6% to 87,175 units (SEC Form 4)

Gaming and Leisure Properties upgraded by Wolfe Research with a new price target

Bally's Corporation downgraded by Macquarie

Bally's Corporation downgraded by Wells Fargo with a new price target

Recent Analyst Ratings for
$BALY
$GLPI

$BALY
$GLPI
Large Ownership Changes

$BALY
$GLPI
Financials

$BALY
$GLPI
SEC Filings

$BALY
$GLPI
Market Insights

$BALY
$GLPI
Insider Trading

$BALY
$GLPI
Leadership Updates

$BALY
$GLPI
Press Releases

$BALY
$GLPI
Insider Purchases

$BALY
$GLPI
Analyst Ratings