Gaming & Leisure Properties Enters Material Definitive Agreement

Ticker: GLPI · Form: 8-K · Filed: 2024-07-12T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, definitive-agreement

TL;DR

GLPI signed a big deal, details TBD.

AI Summary

On July 11, 2024, Gaming & Leisure Properties, Inc. entered into a material definitive agreement. The filing does not disclose specific details of the agreement, the counterparty, or any associated financial figures.

Why It Matters

This filing indicates a significant new contract or partnership for Gaming & Leisure Properties, which could impact its future revenue streams and operational strategy.

Risk Assessment

Risk Level: medium — The lack of specific details in the filing creates uncertainty about the nature and potential impact of the agreement.

Key Players & Entities

FAQ

What is the nature of the material definitive agreement entered into by Gaming & Leisure Properties, Inc.?

The filing does not specify the nature of the material definitive agreement.

Who is the counterparty to the material definitive agreement?

The filing does not disclose the name of the other party involved in the agreement.

What is the effective date of the material definitive agreement?

The earliest event reported is July 11, 2024, which is the date of the report and likely the date the agreement was entered into.

Are there any financial terms or obligations associated with this agreement disclosed in the filing?

No specific financial terms or obligations related to the agreement are disclosed in this filing.

What is the purpose of this 8-K filing?

This 8-K filing is to report the entry into a material definitive agreement, as well as for Regulation FD Disclosure and to provide Financial Statements and Exhibits.

From the Filing

0001193125-24-178062.txt : 20240712 0001193125-24-178062.hdr.sgml : 20240712 20240712072429 ACCESSION NUMBER: 0001193125-24-178062 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240711 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240712 DATE AS OF CHANGE: 20240712 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Gaming & Leisure Properties, Inc. CENTRAL INDEX KEY: 0001575965 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 462116489 STATE OF INCORPORATION: PA FISCAL YEAR END: 1207 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36124 FILM NUMBER: 241113188 BUSINESS ADDRESS: STREET 1: 845 BERKSHIRE BLVD, SUITE 200 CITY: WYOMISSING STATE: PA ZIP: 19610 BUSINESS PHONE: 610-401-2900 MAIL ADDRESS: STREET 1: 845 BERKSHIRE BLVD, SUITE 200 CITY: WYOMISSING STATE: PA ZIP: 19610 8-K 1 d779010d8k.htm 8-K 8-K Gaming & Leisure Properties, Inc. false 0001575965 0001575965 2024-07-11 2024-07-11     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549     FORM 8-K     CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): July 11, 2024     Gaming and Leisure Properties, Inc. (Exact name of registrant as specified in its charter)       Pennsylvania   001-36124   46-2116489 (State or Other Jurisdiction of Incorporation or Organization)   (Commission File Number)   (IRS Employer Identification No.) 845 Berkshire Blvd. , Suite 200 Wyomissing , PA 19610 (Address of principal executive offices) 610 - 401-2900 (Registrant’s telephone number, including area code)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, par value $.01 per share   GLPI   Nasdaq Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company  ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 1.01 Entry into a Material Definitive Agreement. On July 11, 2024, GLP Capital, L.P. (together with its affiliates, “GLP”), a Pennsylvania limited partnership and the operating partnership of Gaming and Leisure Properties, Inc., a Pennsylvania corporation (“GLPI”), entered into a binding term sheet with Bally’s Corporation (together with its affiliates, “Bally’s”) with respect to a series of transactions pursuant to which GLP will acquire the real property assets of Bally’s existing Kansas City, MO and Shreveport, LA casino facilities an

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