Gaming focused real estate firm Gaming and Leisure Properties Inc has appointed Steven T Snyder has Chief Financial Officer. Snyder previously served as the firm’s Senior Vice President of Corporate Development and Interim Chief Financial Officer and was Senior Vice President, Corporate Development from the time of its spin-off from Penn National Gaming in November 2013.
As Chief Financial Officer, he is responsible for the oversight of all of GLPI’s financial and treasury functions including financial reporting, bank relationships, conducting internal and industry analysis to support the company’s goals for growth, investor relations, and M&A activity.
Peter M Carlino, Chief Executive Officer, commented: “I have worked closely with Steve for more than 20 years and I am confident that he possesses the leadership skills, expertise and drive that will continue to distinguish GLPI as a leader among triple net lease REITs. From our formation as the first gaming industry REIT, Steve has been integral to our ability to execute on our growth strategy which has resulted in GLPI owning 46 properties in 16 states, by far the largest and broadest distribution in the United States.
“As a result, our diversified portfolio of regional gaming assets managed by top operators in the industry continues to produce one of the triple-net REIT sector’s most stable cash flow streams.”
Prior to GLPI’s spin-off from Penn National Gaming, Snyder served as Penn’s Senior Vice President of Corporate Development from 2003 and was responsible for identifying and conducting internal and industry analysis of potential acquisitions, partnerships and other opportunities. He joined Penn National as Vice President of Corporate Development in May 1998 and held that position until his appointment to Senior Vice President in 2003.