Gaming and Leisure Properties (GLPI)
REIT spun out of Penn Entertainment; smaller LV footprint than VICI
Gaming and Leisure Properties Inc. (GLPI) was the first gaming REIT — spun out of Penn National Gaming in November 2013, predating VICI by four years. GLPI's Las Vegas footprint is comparatively small: it owns the dirt under the M Resort (which Penn operates) and is the landlord-of-record for the planned Bally's Tropicana-site resort.
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Categories: Real-estate / REITs