1. Michael Borofsky appointed as independent director at GLPI. 2. New board composition strengthens GLPI's governance with seven independent members. 3. Borofsky's background in gaming and investment supports GLPI's growth strategy. 4. CEO praises Borofsky's expertise in capital allocation and strategy. 5. GLPI continues to build value through innovative tenant relationships.
FAQ
Why Bullish?
The appointment of an experienced director usually signals confidence in future growth. Historical trends show that strong board members can drive stock performance positively.
How important is it?
Leadership appointments are significant as they influence strategic direction and investor confidence. Given Borofsky's diverse experience and focus on high cash flow businesses, he may enhance GLPI's operational effectiveness.
Why Long Term?
This governance change may enhance GLPI's strategic positioning and operational execution over time, benefiting long-term shareholders.
Michael Borofsky Joins Gaming and Leisure Properties Board of Directors
WYOMISSING, Pa., Dec. 08, 2025 (GLOBE NEWSWIRE) -- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) is pleased to announce the appointment of Michael Borofsky as a new independent director on its Board of Directors. This strategic decision, effective immediately and pending customary regulatory approvals, expands the Board to eight members, with seven members classified as independent under Nasdaq listing standards.
Background on Michael Borofsky
Michael Borofsky is the founder of Mithrandir Ventures, a diversified family office that invests in various sectors, including gaming, healthcare, software, and climate technology. His focus lies in cultivating high cash flow-generating businesses with robust market positions while driving innovation through emerging technologies.
Reactions from Leadership
Peter Carlino, Chairman and Chief Executive Officer of GLPI, expressed his enthusiasm, stating, “Michael has a proven track record of investing in and advising companies through transformative growth. He brings deep financial, capital allocation, strategy, and legal expertise that will complement the Board.” He further added that Borofsky's extensive experience in gaming, entertainment, and technology sectors will be invaluable as GLPI aims to expand its tenant base and enhance shareholder value.
Professional Experience of Michael Borofsky
Before founding Mithrandir Ventures, Borofsky served as General Counsel and a member of both the Management and Investment Committees at Gryphon Investors. This middle-market private equity fund, valued at $9 billion, operates 36 controlled portfolio companies across five sectors: consumer, healthcare, software, industrial growth, and business services.
His previous roles also include Chief Operating and Strategy Officer at the Pohlad Companies—a holding company managing diverse businesses including the Minnesota Twins, and 16 years as a senior executive at MacAndrews & Forbes. Borofsky began his career at the prestigious law firm Skadden, Arps, Slate, Meagher & Flom LLP, specializing in mergers and acquisitions, and also worked as an analyst at Goldman Sachs.
Borofsky holds a B.A. with honors from Yale University and a J.D. from Columbia University School of Law, where he was recognized as a Harlan Fiske Stone Scholar.
About Gaming and Leisure Properties
Gaming and Leisure Properties, Inc. (GLPI) specializes in acquiring, financing, and owning real estate designed to be leased to gaming operators. The Company operates under a triple-net lease arrangement, ensuring that tenants handle all facility maintenance, required insurance, property taxes, and utility expenses.
Contact Information
For additional information, please contact:
- Investor Relations:
- Carlo Santarelli, SVP - Corporate Strategy & Investor Relations
- Joseph Jaffoni at JCIR
- Phone: 610/378-8232, 212/835-8500
- Email: csantarelli@GLPROPINC.COM, glpi@jcir.com