Total revenue shows an almost 3% decrease from $307.6m for Q3 2020, to $298.7m for the same period of 2021, while net income increased from $127.1m to $149.1m and adjusted EBITDA went up from $265.2m for Q3 2020; to $276.7m.
The report highlighted certain recent developments such as the opening of all GLPI’s 50 properties to the public starting with 28 October 2021; the completion of the operations of Hollywood Casino Perryville sale to Penn National Gaming for $3.1m in cash; the expansion of GLPI’s relationship with Bally’s Corporation to acquire the real estate assets of Bally’s casino properties in Rock Island; and the agreement to sell the operations of Hollywood Casino Baton Rouge to Casino Queen.
Peter Carlino, Chairman and CEO of GLPI, commented: “The strong earnings growth GLPI achieved in the first half of 2021 continued with another period of consistent earnings in the third quarter. Our record of consistent value creation also reflects our ongoing commitment to balance sheet strength which has positioned GLPI as an investment grade issuer.
"Looking forward, we believe GLPI is well positioned to deliver further growth as we pursue additional portfolio expansion and diversification while benefiting from the ongoing strength in regional gaming markets, with many of the operations at GLPI’s properties continuing to generate record results. Taken together, these factors support our confidence that the company is well-positioned to extend its long-term record of shareholder value creation.”
