The 10 Largest Gambling Stocks of 2024

5. Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Market Capitalization: $13.89 Billion

No. of Hedge Fund Investors: 25

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) is the first gaming real estate investment trust in the U.S. The company’s portfolio includes 65 premier gaming and related facilities which are operated by recognized industry leaders. The gambling REIT engages in acquiring, financing, and owning real property to be leased to gaming operators in triple net lease arrangements.

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) has a solid portfolio positioned well across the country and focuses on regional gaming markets. Considering the growth in the casino gaming industry, the REIT is confident in the long-term health of its casino gaming market.

During the third quarter of 2024, Gaming and Leisure Properties, Inc.’s total revenue increased by $25.70 million year-over-year to $385.30 million. The company experienced growth driven by the Tioga acquisition, which added $3.6 million in cash income, while the Rockford acquisition added $4.6 million in cash rental income. Additionally, another $1.5 million was added through the Casino Queen Marquette acquisition and the Baton Rouge landside development. Other developments and acquisitions also played a vital role in the growth of revenue. So far in 2024, the company’s investment activity of almost $2 billion has had an attractive blended yield of 8.40%. The company also paid a third-quarter 2024 cash dividend of $0.76 per share on September 27.