Wyoming, PA, December 16, 2025
Michael Borofsky has been appointed to the Board of Directors at Gaming and Leisure Properties, Inc. His experience in investment and strategy is expected to bolster GLPI’s governance and growth strategy in the gaming sector. Borofsky, known for founding Mithrandir Ventures, joins the board as it expands its independent representation to eight members, emphasizing governance and enhancing shareholder value as the company navigates the gaming real estate market.
Gaming and Leisure Properties Welcomes New Independent Director
Michael Borofsky’s Appointment Highlights Strong Leadership in the Gaming Sector
WYOMISSING, Pa. – The recent appointment of Michael Borofsky to the Board of Directors at Gaming and Leisure Properties, Inc. (GLPI) marks a significant milestone for the gaming real estate investment trust (REIT). Effective December 8, 2025, pending customary regulatory approvals, Borofsky’s appointment brings the board’s total to eight members, aligning with Nasdaq’s independent director standards. This move showcases GLPI’s commitment to solid governance and strategic oversight as it continues to expand its footprint in the gaming sector.
Borofsky is known for his entrepreneurial spirit, having founded Mithrandir Ventures, a family office that invests in diverse sectors, including gaming, healthcare, software, and climate technology. His strong focus on cash flow-generating business models positions him uniquely to contribute to GLPI as it navigates the complexities of the gaming and real estate markets.
Experience and Expertise
Michael Borofsky comes to GLPI with extensive experience in high-stakes investment and strategic development. His past roles include General Counsel and a vital member of the Management and Investment Committees at Gryphon Investors, a $9 billion private equity firm, along with other significant positions, including Chief Operating and Strategy Officer at Pohlad Companies. This experience equips him with valuable insights into financial strategy, capital allocation, and legal requirements pertinent to the gaming industry.
GLPI’s Growth Strategy
Gaming and Leisure Properties focuses on acquiring, financing, and owning real estate linked to gaming operators through triple-net lease agreements. This model places operational responsibilities on the tenants, which not only minimizes GLPI’s asset management risk but also provides a steady revenue stream. With Borofsky’s appointment, the company aims to strengthen its tenant base and expand its property portfolio further, enhancing shareholder value in the competitive gaming market.
The Importance of Independent Governance
The composition of a company’s board is crucial for effective governance. By adding Borofsky, GLPI enhances its board as seven out of its eight members are independent, aligning with best practices in the business sector. This independence is essential for providing objective oversight and contributing to the company’s strategic decision-making process, ultimately benefiting investors and stakeholders.
Community Impact and Economic Growth
As GLPI continues to grow, its impact on the local economy becomes increasingly significant. The gaming industry generates considerable employment opportunities and tax revenues, driving economic activity in Pennsylvania. Borofsky’s appointment reflects a broader trend of leveraging entrepreneurial talent to foster innovation and growth within established industries. By focusing on strategic investment and robust governance, GLPI is well-positioned to contribute positively to Philadelphia’s economic landscape.
Future Outlook
As GLPI moves forward with Borofsky as a significant new asset on its board, stakeholders and investors will be keenly observing how his vast expertise translates into growth and stability for the company. With an industry backed by evolving technologies and increasing consumer engagement, the outlook remains bright for gaming operators and the REITs that support them. This proactive leadership change underscores the importance of adaptability and strategic foresight in navigating the changing business environment.
Key Takeaways
Michael Borofsky’s appointment to the board of Gaming and Leisure Properties, Inc. signifies a strategic enhancement of corporate governance. His vast experience across several sectors and emphasis on innovation could lead to advancements in how GLPI approaches growth and governance in an evolving industry. As GLPI expands its role in the gaming sector, it presents a promising opportunity for community involvement and economic support throughout Pennsylvania.
FAQ
Who was appointed to the Gaming and Leisure Properties board on December 8, 2025?
Michael Borofsky was appointed as an independent director, effective December 8, 2025, subject to customary regulatory approvals.
How does Michael Borofsky’s appointment change GLPI’s board composition?
The appointment expands the board to eight members, with seven independent directors under Nasdaq standards.
What relevant experience does Michael Borofsky bring to GLPI?
He founded Mithrandir Ventures and previously held senior roles at Gryphon Investors, Pohlad Companies, MacAndrews & Forbes, Skadden, and Goldman Sachs.
What areas of expertise did GLPI cite for Michael Borofsky?
GLPI highlighted his experience in financial strategy, capital allocation, legal matters, and gaming and technology sectors.
Is Michael Borofsky’s board appointment at GLPI conditional?
Yes. The appointment is effective immediately but subject to receipt of customary regulatory approvals.
Key Features
| Feature | Details |
|---|---|
| Appointment Date | December 8, 2025 |
| Board Composition | Eight members, seven independent directors under Nasdaq standards |
| Michael Borofsky’s Role | Independent Director |
| Previous Positions | General Counsel at Gryphon Investors, Chief Operating and Strategy Officer at Pohlad Companies, Senior Executive at MacAndrews & Forbes, Skadden, and Goldman Sachs |
| Educational Background | B.A. with honors from Yale University, J.D. from Columbia University School of Law |
| GLPI’s Business Focus | Acquiring, financing, and owning real estate properties leased to gaming operators under triple-net lease arrangements |
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