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Gaming and Leisure Properties, Inc. Appoints Carol Lynton to Board of Directors

Vlad Poptamas

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Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI” or the “Company”), announced today that it has named Carol (“Lili”) Lynton to its board of directors as an independent member. The appointment follows Gaming and Leisure Properties’ disclosure in its April 30, 2019 Proxy Statement that the Nominating and Corporate Governance Committee of the Board was working with an executive search firm to identify and appoint a new member of the Board of Directors to diversify the board’s composition as it relates to gender, race, ethnicity and age diversity.  The appointment of Ms. Lynton to the board of directors brings the total number of directors to seven, six of which are independent members.

Ms. Lynton is the co–founder and operating partner of The Dinex Group, which operates 17 Daniel Boulud branded restaurants. Prior to forming Dinex, she co-founded Telebank, an internet banking pioneer which was acquired by E*Trade in 1999. From 1987 through 1990, Ms. Lynton was an investment analyst at financial services company, Sanford C. Bernstein, and from 1983 through 1985 she was a mergers and acquisition analyst at Lehman Brothers. Since 1987, she has also served as Chief Investment Officer of HD American Trust, a family investment office formed in 1987, which invests actively across a broad range of asset classes. At HD American Trust, Ms. Lynton is responsible for selection of asset managers, asset allocation, liquidity and leverage parameters with direct management responsibility for the firm’s venture capital and real estate portfolio.

Chief Executive Officer, Peter M. Carlino, commented, “Lili brings valuable perspectives to our Board, driven by her extensive experience in the finance, real estate and consumer sectors and public company board background. Complementing our current directors, her background expands the diverse viewpoints of our board, which will continue executing our strategic growth plans and driving Gaming and Leisure Properties’ ongoing success and the further creation of shareholder value. The Company believes that board diversity is critical to thoroughly assess risk, anticipate challenges and scrutinize the complex, dynamic issues that affect or may affect GLPI and its shareholders and we look forward to benefiting from Lili’s deep range of experience and perspectives.”

Ms. Lynton is currently a Director of El Pollo Loco Holdings, Inc. and serves as a Trustee, Audit Committee Chair of CIM RACR (an SEC registered Interval Fund).  She also serves on the Advisory Board, The Hamilton Project, a division of Brookings which develops proposals for a more equitable and robust U.S. economy; as Trustee, East Harlem Tutorial Program (afterschool service provider); East Harlem Scholars Academy (operates six charter schools); and, Trustee of the Guggenheim Foundation (awards 175 annual Guggenheim Fellowships).

Ms. Lynton is a graduate of Harvard College (1983) and Harvard Business School (1987).

GLPI’s view relating to diversity is more fully outlined in its Nominating and Corporate Governance Charter which can be found at http://www.glpropinc.com/AboutUs.

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Casino.org Launches “Player Assist” Service

Niji Narayan

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Casino.org Launches “Player Assist” Service
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Casino review site Casino.org has launched its exclusive “Player Assist” service, bringing a new level of support to its players. The casino review site’s new service allows its users to issue complaints about any of its partner sites in just four simple steps.

A site which puts honest, expert advice at the forefront of everything they do, Casino.org wanted to echo this sentiment further than just choosing a casino through their site. The Player Assist service has been launched to aid them in following through with their users if anything should go wrong past the referral stage.

The feature will run completely independent of the partners on the site, so that they can offer their services 100% free of charge.

Casino.org is one of the most popular guides to online casinos and gambling. Its team of experts provides players with a wealth of information to help them guarantee safe play online and win more.

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German States in Discussion Over Possible Transition Period for iGaming

Niji Narayan

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German States in Discussion Over Possible Transition Period for iGaming
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Several German states are in discussions over a potential transition period that could allow operators to continue offering online casino products until the vertical is legalised from July 2021.

The exact nature of the discussions and whether this would allow operators to provide online casino without any sort of restriction, is as yet unclear, with reports telling that they do not want to pre-empt the talks.

“The federal states are currently coordinating the extent to which enforcement measures against illegal gambling can be effectively implemented in the transition phase,” a spokesperson for the state government of Nordrhein-Westfalen said.

While other states are yet to respond to requests for comment, local media reports that the chancelleries in Bavaria, Hamburg and Berlin are also involved in the discussions.

The discussions are playing out ahead of the implementation of the Glücksspielneuregulierungstaatsvertrag (GlüNeuRStV) from 1 July 2021. This revised regulatory model, which is currently subject to a standstill period as it is considered by the European Commission, expands the online market beyond sports betting for the first time.

From July next year, online casino and poker will be regulated, albeit under strict conditions, such as a €1 per spin cap on slot stakes, and table games licences restricted to the number of land-based casinos in each state.

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UK Casinos to Remain Closed Until August 15

Niji Narayan

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UK Casinos to Remain Closed Until August 15
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Casinos in the UK are to remain closed until at least August 15 after the government postponed the further easing of lockdown measures put in place due to the ongoing Covid-19 pandemic.

Last month, the government said that it would allow more indoor venues including casinos, cinemas and bowling alleys to reopen from August 1 as part of its gradual easing of lockdown in the UK.

Casinos have been closed since 20 March and remained shuttered despite other land-based gambling outlets such as betting shops (15 June) and bingo halls (4 July) being allowed to welcome back customers.

However, the government has now delayed the planned relaxation of measures on larger indoor venues, with these now set to remain shut for at least another two weeks.

“We simply cannot take the risk; we will continue to study the data carefully and move forward with our intention to open up as soon as we can,” Prime Minister Boris Johnson said.

Michael Dugher, chief executive of the Betting and Gaming Council, hit out at the decision, saying there is “no evidence” to show that casinos are higher risk venues. He also blasted the decision to enforce the ongoing closures nationwide.

“What happened to the government’s local lockdown strategy,” Dugher said in a Twitter post. “Why should a casino business remain closed in Bristol in the south west, where Covid-19 is low, because there’s a spike in greater Manchester? Big threat to jobs.”

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