Gaming and Leisure Properties, Inc. (GLPI) has announced the promotion of Brandon Moore, the Chief Operating Officer, to the additional role of President, effective immediately. Moore, who joined GLPI near its inception in 2014, has been a key driver of the company's growth and success. With a strong legal background and over fourteen years of experience in the gaming industry, Moore has played an instrumental role in the company's development.
Since joining GLPI, Brandon Moore has been involved in the tax-free spin that created the company and has had over ten years of success as a leader in the REIT industry. He has also been instrumental in the approach taken by GLPI's finance, accounting, development, and legal teams in working closely with tenants and seeking new transactions for the company. Moore's expertise and knowledge are expected to remain highly valuable as GLPI continues to build the company through new real estate and financing transactions, project development, and innovative structures with existing and prospective tenants.
In addition to his promotion, it is worth noting that GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. This means that the tenant is responsible for all facility maintenance, insurance, taxes, and utilities for the leased properties and the business conducted on them.
Moore's promotion to President comes at a time when GLPI continues to pursue growth and success within the gaming and leisure industry. As a result of these announcements, the company's shares have moved 0.9% on the market, and are now trading at a price of $51.2. If you want to know more, read the company's complete 8-K report here.
