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Peter Carlino and Matthew Demchyk

Chairman and CEO; and Sr. VP and Chief Investment Officer, Gaming & Leisure Properties, Inc.

Peter Carlino and Matthew Demchyk

Real estate investment trusts have been used in many industries, including the hospitality industry, but gaming remained untouched until Peter Carlino spun off Gaming & Leisure Properties, Inc. (GLPI) from Penn National Gaming in 2013. When the transaction immediately produced value for both Penn and GLPI shareholders, the race was on and both Caesars and MGM created their own REITs. Carlin and Matthew Demchyk, the senior vice president and chief investment officer for GLPI, explain why REITs make a lot of sense in the gaming business and why the potential for gaming REITs is still growing. They joined GGB Publisher Roger Gros and editor Frank Legato in early February from the GLPI offices in Reading, Pennsylvania.

Roger Gros is publisher of Global Gaming Business, the industry's leading gaming trade publication, and all its related publications. Prior to joining Global Gaming Business, Gros was president of Inlet Communications, an independent consulting firm. He was vice president of Casino Journal Publishing Group from 1984-2000, and held virtually every editorial title during his tenure. Gros was editor of Casino Journal, the National Gaming Summary and the Atlantic City Insider, and was the founding editor of Casino Player magazine. He was a co-founder of the American Gaming Summit and the Southern Gaming Summit conferences and trade shows. He is the author of the best-selling book, How to Win at Casino Gambling (Carlton Books, 1995), now in its fourth edition. Gros was named "Businessman of the Year" for 1998 by the Greater Atlantic City Chamber of Commerce, and received the Lifetime Achievement Award from the American Gaming Association in 2012.