Gaming and Leisure Properties reports 326 5m in revenue for Q2

Gaming and Leisure Properties (GLPI) has reported $326

Gaming and Leisure Properties (GLPI) has reported $326.5m inward revenue for Q2, upwardly from $317.8m for Q2 2021.

Income from trading operations rose, too, increasing 12% to $237.1m, spell sack income was upwardly 13% at $155.8m for Q2.

Furthermore, the manipulator posted a year-on-year cost increase in familiarized EBITDA, reporting $307.6m for the tercet months ended 30 June, upward from $276.2m announced for Q2 2021.

Although the boost was modest, GLPI’s financial figures are some of the highest the company has achieved.

Its marginal year-on-year ontogeny follows its recent agreement to acquire ii Bally’s properties inward Rhode Island – Bally's Twin River President Abraham Lincoln Casino Resort and Bally’s Tiverton Casino & Hotel – for $1bn.

GLPI hopes these 2 pending acquisitions will aid it reach even higher operating results, presumption both locations are the only when deuce gaming destinations inwards Rhode Island.

This acquisition understanding follows GLPI’s purchase of 3 casinos inward Black person Hawk, formerly owned past Bally's.

Chairman and CEO of GLPI, Peter Carlino, said: “GLPI’s put down indorsement billet results and our on-going momentum highlighting the note value of our strategic, accretive plan of attack to the elaboration and diversification of our portfolio of regional gaming assets managed by leading operators, while carefully overlooking our majuscule construction and cost of capital.

“We proceed to welfare from new and innovational ontogeny opportunities with existing and new tenants, piece driving increased cap returns to shareholders inwards the form of expanding dividends. Given the predictability of our renting revenue streams, we believe the resiliency of our portfolio will [shine through] inward the stream economic environment.”