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paragon casino logoHe was buying as gaming stocks were getting hammered by investors because of the COVID-19 outbreak.He was certainly buying low. He recently scooped up 80,000 shares, or million worth of the real estate investment trust (REIT). Workers generally still don’t have sick leave available to them. slot machine casinos in floridaHe recently scooped up 80,000 shares, or million worth of the real estate investment trust (REIT). 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. (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. chumba casino oregon hard rock casino oklahomafree online poker odds calculatorFilings 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 flluckyland slots apkow 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. Tropicana Atlantic City owner Gaming and Leisure Properties is getting some stock support from CEO Peter Carlino. Workers generally still don’t have sick leave available to them. island view casino logoTropicana Atlantic City owner Gaming and Leisure Properties is getting some stock support from CEO Peter Carlino. 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. 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. free slot games canada is luckyland slots legitimatecodeshare doubledown casino facebookNevada 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. As a result, states where these industries make up a larger share of employment, such as Florida, Hawaii, and Nevada, will be particularly hard hit,” the EPI said.In Nevada, where two out of every five jobs are in leisure, hospitality, or retail, the state will likely lose 5.3 private of private-sector jobs,” the report concluded.As of January, 355,300 Nevadans were employed in the leisure and hospitality sector. That, along with nearly every industry hurting, could lead to a severe recession.Kristalina Georgieva, managing director of The International Monetary Fund (IMF), said Monday she anticluckyland slots apkipates negative global growth in 2020.“But we expect recovering in 2021,” Georgieva added. As Casino.org reported last week, more than a dozen MGM Resorts 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. 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. free slots you don t have to download turtle creek casino traverse |