GLPI Promotes Steven Ladany In Merger, Acquisition And Development Lead

Gaming and Leisure Properties the real estate investment trust, has promoted Steven Ladany to the position of senior vice president and chief development officer, heading the ongoing merger, acquisition and development activities of the company.

In September 2014, Ladany first joined the company headquartered in Wyomissing, Pennsylvania as vice president of finance and served in the position until March 2019, when he was named senior vice president of finance. 

Prior to joining GLPI

Ladany was a vice president at Revel Casino Hotel, a regional gaming property now known as Ocean Casino Resort, and at JP Morgan in the syndicated and leveraged finance department within the investment banking division of the organization, prior to joining GLPI.

GLPI portfolio

Currently, GLPI’s portfolio includes 44 gaming and related facilities in 16 states, with tenants including Penn National Gaming, Casino Queen, Eldorado Resorts, and Boyd Gaming Company.

The company also owns and operates Maryland-based Hollywood Casino Perryville and Hollywood Casino Baton Rouge, but the two properties are to be sold in a combined $59.3m transaction to Penn National Gaming and Casino Queen Holding Company, respectively.

What was said…

Peter Carlino, chairman and CEO of GLPI said: “Steve brings extensive gaming industry and finance experience to his new role and has played an active role in identifying and consummating transactions for GLPI with prospective and existing tenants over the past six years.

“He has fostered deep, collegial and collaborative relationships across the gaming sector and with our roster of industry-leading tenants. We look forward to Steve’s continuing contributions as we prudently, yet aggressively seek to further expand and diversify our tenant roster, grow our dividend and create new long-term value for our shareholders.”

GLPI named Matthew Demchyk as Chief Investment Officer earlier this week, who immediately took over the role and will report directly to Carlino. Demchyk will lead the investment strategy of GLPI in this role and will be responsible for allocating resources, evaluating opportunities outside the gaming sector and establishing strategic partnerships.