Gaming and Leisure Properties Expands Board With Appointment of Barry F. Schwartz
23 May 2017 - 10:00PM
Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) (“GLPI” or the
“Company”) today announced that it has appointed Barry F. Schwartz
to its Board of Directors, (“Board”) as an independent
director. The appointment is effective immediately, subject
to receipt of customary regulatory approvals. With the
addition of Mr. Schwartz, the Board expands to seven members, six
of whom are independent.
“Barry brings to our Board decades of experience
leading companies in a wide range of industries, including a
developer of technology-based products, services and content for
worldwide gaming and lottery markets, as well as companies
specializing in beauty care products, technology solutions,
marketing services, transaction solutions and intelligent media
delivery,” commented Peter M. Carlino, Chairman and Chief Executive
Officer of Gaming and Leisure Properties. “Barry has
extensive experience identifying and completing M&A
transactions, and we look forward to working with him as we pursue
opportunities to accretively grow our portfolio of stable
rent-producing assets.”
Mr. Schwartz has served in several leadership
roles with MacAndrews & Forbes Incorporated and various
affiliates, including currently as Vice Chairman, as Executive Vice
Chairman from October 2007 to January 2017, Executive Vice
President and General Counsel from 1993 to 2007 and Senior Vice
President from 1989 to 1993. Mr. Schwartz is a director
of Revlon, Inc., Revlon Consumer Products Corporation and
Scientific Games Corporation. During the past five years,
Mr. Schwartz also served as a director of Harland Clarke
Holdings Corp. and M & F Worldwide Corp.
About Gaming and Leisure Properties
GLPI is primarily engaged in the business of
acquiring, financing, and owning real estate property to be leased
to gaming operators in triple-net lease arrangements, pursuant to
which the tenant is responsible for all facility maintenance,
insurance required in connection with the leased properties and the
business conducted on the leased properties, taxes levied on or
with respect to the leased properties and all utilities and
other services necessary or appropriate for the leased properties
and the business conducted on the leased properties. GLPI elected
to be taxed as a real estate investment trust ("REIT") for United
States federal income tax purposes commencing with the 2014 taxable
year and is the first publicly traded triple-net lease REIT focused
on gaming.
ContactInvestor Relations
Bill Clifford T: 610-401-2900Email: Bclifford@glpropinc.com
Hayes CroushoreT: 610-378-8396 Email:
Hcroushore@glpropinc.com
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