Gaming and Leisure Properties, Inc.

Greetings and welcome to the Gaming and Leisure Properties Inc. second quarter 2024 earnings conference call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. Joe Trifoni, Investor Relations. Thank you, sir. You may begin.

Thank you, Maria, and good morning, everyone, and thank you for joining Gaming and Leisure Properties' second quarter 2024 earnings call and webcast. The press release distributed yesterday afternoon is available in the investor relations section on our website at www.glpropinc.com. On today's call, management's prepared remarks and answers to your questions may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements address matters that are subject to risks and uncertainties that may cause actual results to differ materially from those discussed today. Forward-looking statements may include those related to revenue, operating income, and financial guidance, as well as non-GAAP financial measures such as FFO and AFFO. As a reminder, forward-looking statements represent management's current estimates, and the company assumes no obligation to update any forward-looking statements in the future. We encourage listeners to review the more detailed discussions related to risk factors and forward-looking statements contained in the company's filings with the SEC, including its Form 10-Q and in the earnings release, as well as the definitions and reconciliations of non-GAAP financial measures contained in the company's earnings release. On this morning's call, we are joined by Peter Carlino, Chairman and Chief Executive Officer at Gaming and Leisure Properties. Also joining today's call are Brandon Moore, Chief Operating Officer, General Counsel and Secretary, Desiree Burke, Chief Financial Officer and Treasurer, Steve Ladney, Senior Vice President, Chief Development Officer, and Matthew Demchek, Senior Vice President and Chief Investment Officer. With that, it's my pleasure to turn the call over to Peter Carlino. Peter, please go ahead. Well, thank you, Joe, and good morning, everyone.

Well, we've had a pretty eventful quarter. with good performance this quarter from portfolio companies and the actualization of some of the various projects that we've been working on for actually some time. We pretty well locked in the next couple of years of growth before anything else we might succeed in creating. You know that earlier this month, we announced an approximate $1.6 billion transaction with Bally's that we believe is a clear win-win for our company and for Bally's as well. I'll skip reading through the details of that since it's well documented in my written comments on our press release, and I suspect that what we might miss, you'll find a way of asking us anyhow, so... I'm going to let Desiree Burke highlight a few financial items. Thanks, Des.