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

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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.

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Recent Analyst Ratings for
$BALY
$GLPI

Company	Date	Price Target	Rating	Analyst
Gaming and Leisure Properties Inc. $GLPI	11/20/2024	$49.00 → $54.00	Hold → Buy	Deutsche Bank
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

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Bally's Corporation Stockholders Approve Merger Agreement With Affiliate of Standard General L.P.
Bally's Corporation (NYSE:BALY) ("Bally's" or the "Company") announced that at its Special Meeting of Stockholders held on November 19, 2024, its stockholders, including its unaffiliated stockholders, approved the adoption of its previously announced definitive merger agreement with The Queen Casino & Entertainment Inc. ("Queen"), a portfolio company majority-owned by the Company's largest stockholder, Standard General L.P. At the Special Meeting, the Company stockholders also approved, on a non-binding advisory basis, the compensation that may or will become payable by Bally's to its named executive officers in connection with the transactions contemplated by the merger agreement. The merg
11/19/24 4:59:00 PM ET
$BALY
Hotels/Resorts
Consumer Discretionary
PENN Entertainment Reports Third Quarter Results
PENN Entertainment, Inc. ("PENN" or the "Company") (NASDAQ:PENN) today reported financial results for the three and nine months ended September 30, 2024. Jay Snowden, Chief Executive Officer and President, said: "PENN's third quarter results were consistent with the preliminary estimates we disclosed last month in connection with our investor event in Las Vegas. Stable consumer demand in our retail business was offset by unfavorable hold in our Northeast segment and volume declines in our South segment associated with severe weather disruptions and accelerated hotel remodeling. The fourth quarter is off to a stronger start, led by several markets including Michigan, Ohio, and St. Louis. In
11/7/24 7:00:00 AM ET
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$VICI
Real Estate Investment Trusts
Real Estate
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Consumer Discretionary
Bally's Corporation Announces Third Quarter 2024 Results
Bally's Corporation (NYSE:BALY) ("Bally's" or the "Company") today reported financial results for the third quarter ended September 30, 2024. Third Quarter 2024 and Recent Highlights Company-wide revenue of $630.0 million, a decrease of 0.4% year-over-year Casinos & Resorts revenue of $353.4 million, down 1.6% year-over-year UK online revenues grew 11.8% while overall International Interactive revenue declined 5.3% year-over-year to $230.9 million North America Interactive revenue of $45.7 million, up 54.5% year-over-year Launched second online sportsbook in the UK under the Bally's brand, joining existing JackpotJoy offering Secured $940 million of construction funding for C
11/6/24 4:05:00 PM ET
$BALY
Hotels/Resorts
Consumer Discretionary

$BALY
$GLPI
Leadership Updates

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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
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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

PENN Entertainment Reports Third Quarter Results
PENN Entertainment, Inc. ("PENN" or the "Company") (NASDAQ:PENN) today reported financial results for the three and nine months ended September 30, 2024. Jay Snowden, Chief Executive Officer and President, said: "PENN's third quarter results were consistent with the preliminary estimates we disclosed last month in connection with our investor event in Las Vegas. Stable consumer demand in our retail business was offset by unfavorable hold in our Northeast segment and volume declines in our South segment associated with severe weather disruptions and accelerated hotel remodeling. The fourth quarter is off to a stronger start, led by several markets including Michigan, Ohio, and St. Louis. In
11/7/24 7:00:00 AM ET
$GLPI
$PENN
$VICI
Real Estate Investment Trusts
Real Estate
Hotels/Resorts
Consumer Discretionary
Bally's Corporation Announces Third Quarter 2024 Results
Bally's Corporation (NYSE:BALY) ("Bally's" or the "Company") today reported financial results for the third quarter ended September 30, 2024. Third Quarter 2024 and Recent Highlights Company-wide revenue of $630.0 million, a decrease of 0.4% year-over-year Casinos & Resorts revenue of $353.4 million, down 1.6% year-over-year UK online revenues grew 11.8% while overall International Interactive revenue declined 5.3% year-over-year to $230.9 million North America Interactive revenue of $45.7 million, up 54.5% year-over-year Launched second online sportsbook in the UK under the Bally's brand, joining existing JackpotJoy offering Secured $940 million of construction funding for C
11/6/24 4:05:00 PM 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 Enters Binding Term Sheet With Bally's Corporation: Deal Totals $1.585B At Blended 8.3% Initial Cash Yield

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Recent Analyst Ratings for $BALY$GLPI

$BALY$GLPI SEC Filings

Amendment: SEC Form SCHEDULE 13G/A filed by Gaming and Leisure Properties Inc.

Bally's Corporation filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Other Events, Financial Statements and Exhibits

SEC Form SCHEDULE 13G filed by Gaming and Leisure Properties Inc.

$BALY$GLPI Press Releases

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Bally's Corporation Stockholders Approve Merger Agreement With Affiliate of Standard General L.P.

PENN Entertainment Reports Third Quarter Results

Bally's Corporation Announces Third Quarter 2024 Results

$BALY$GLPI Analyst Ratings

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Gaming and Leisure Properties upgraded by Deutsche Bank with a new price target

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

Bally's Corporation downgraded by Macquarie

$BALY$GLPI Market Insights

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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 Purchases

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

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)

$BALY$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 Financials

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PENN Entertainment Reports Third Quarter Results

Bally's Corporation Announces Third Quarter 2024 Results

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

$BALY$GLPI Large Ownership Changes

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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 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)

Recent Analyst Ratings for
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