2024.07.17
live casino online usaGaming and Leisure Properties (NASDAQ:GLPI) Chairman and CEO Peter Carlino is joining other industry executives in supporting stock prices that have been decimated by the coronavirus pandemic. Even with GLP’s Monday rally – one aided by news of Carlino’s purchases – the stock is lower by 42.36 percent over the past week, and down 61.54 percent this month. As Casino.org reported last week, more than a dozen MGM Resorts choctaw casino events(Image: CNBC)Carlino, one of the architects behind Penn National Gaming (NASDAQ:PENN), the operator from which GLP was spun off in 2012, added to his stake in the real estate company from March 13 through March 16. The economic impact is and will be severe, but the faster the virus stops, the quicker and stronger the recovery will be.”“To get there, it is paramount to prioritize containment and strength in health systems – everywhere. soaring eagle casino logo turtle creek casino.comonline casino real money bulgariaHe was buying as gaming stocks were getting hammered by investors because of the COVID-19 outbreak.He was certainly buying low. Tropicana Atlantic City owner Gaming and Leisure Properties is getting some stock support from CEO Peter Carlino. All of these issues must be addressed immediately,” Taylor added.Negative ForecastsThe American Gaming Association says the US economy could miss out on .3 billion in economic activity from the gaming industry during the pandemic. turtle creek casino locationWorkers generally still don’t have sick leave available to them. Nevada relies on tourism more than any other state, and with its casino resorts closed for the foreseeable future, layoffs are expected.“Workers in certain industries will be disproportionately affected – in particular, workers in food service, accommodations, and brick-and-mortar retail. free online poker no sign up lucky tiger online casino no deposit bonus codesbrian christopher slots youtubeWorkers generally still don’t have sick leave available to them. (Image: CNBC)Carlino, one of the architects behind Penn National Gaming (NASDAQ:PENN), the operator from which GLP was spun off in 2012, added to his stake in the real estate company from March 13 through March 16. Nevada relies on tourism more than any other state, and with its casino resorts closed for the foreseeable future, layoffs are expected.“Workers in certain industries will be disproportionately affected – in particular, workers in food service, accommodations, and brick-and-mortar retail. He recently scooped up 80,000 shares, or million worth of the real estate investment trust (REIT). The economic impact is and will be severe, but the faster the virus stops, the quicker and stronger the recovery will be.”Filings with the Securities and Exchange Commission (SEC) confirm the purchases.I am purchasing GLPI shares because they are deeply undervalued and do not reflect the Company’s strong balance sheet, liquidity, growing free cash flcasino nightow and EBITDA [earnings before interest, taxes, depreciation, and amortization], its 14%+ dividend yield or its strong competitive position in the gaming REIT industry,” Carlino said in a statement reprinted by Barron’s.At this writing Monday, GLP stock yields 14.64 percent and is off 55.56 percent year-to-date.Following SuitCarlino isn’t the only gaming industry executive seeing value in his company’s beleaguered shares. free online slots demo no deposit king casino bonus |