Analysts expressed surprise that gaming-centric real estate investment trusts suffered steep declines when the markets crashed in the last two weeks over the growing COVID-19 coronavirus pandemic. Pennsylvania-based Gaming and Leisure Properties took one of the hardest hits. GLPI’s stock price declined 74% in less than a month, even as directors bought back shares in an effort to boost confidence in the company. Chairman and CEO Peter Carlino spent more than $1 million to buy 47,000 GLPI shares at between $20.10 and $21.35. GLPI closed Friday at $19.13.
News Ticker
- Morongo’s Iconic Hadley Fruit Orchards Unveils Exciting Café Expansion
- Join the Summer Metalcore Madness When Ice Nine Kills Returns to Northern Quest in August
- Secretary Haaland Announces Appointments to National Indian Gaming Commission
- Registration Now Open for the 26th Annual American Indigenous Tourism Conference
- Registration is Open for 2024 AISES National Conference!
- IGA 2024 Recap – Backstage Pass and Inside Look at Rolling Hills Casino’s Digital Wallet
- Artists Vs. Big Oil Exhibition Brings Communities Together to Raise Millions for the Campaign for a Safe and Healthy California, Working to “keep the Law” Protecting Neighborhoods From Toxic Drilling
- Hard Rock Hotel & Casino Sacramento at Fire Mountain Winner goes home with $426,000 Jackpot
- Oneida Indian Nation Member Ray Fougnier, 81, Sets 13 World Records in Weightlifting and Earns Four Gold Medals
- Pavilion Payments Funds Research and Grant Award for the International Center for Responsible Gaming
Copyright © 2020 — Tribal Gaming and Hospitality Magazine — All Rights Reserved.