{"id":130971,"date":"2020-03-24T08:26:46","date_gmt":"2020-03-24T15:26:46","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=130971"},"modified":"2020-03-24T10:23:45","modified_gmt":"2020-03-24T17:23:45","slug":"gaming-and-leisure-pulls-2020-guidance-due-to-coronavirus-impact","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/gaming-and-leisure-pulls-2020-guidance-due-to-coronavirus-impact\/","title":{"rendered":"GLP Yanks 2020 Financial Guidance, Citing Coronavirus, Draws $530 Million on Bank Credit Line"},"content":{"rendered":"
Gaming and Leisure Properties (NASDAQ:GLPI) is withdrawing its 2020 financial guidance, citing the impact the coronavirus pandemic is having on the casino industry. The real estate company said it recently drew $530 million on a bank credit line to increase balance sheet flexibility while commercial casinos across the US remain closed.<\/p>\n