Gaming and Leisure Properties (NASDAQ:GLPI) (NASDAQ:GLPI) is a real estate investment trust (REIT) specializing in the ownership and leasing of gaming and hospitality properties across the United States. Established to capitalize on the growing demand for dedicated gaming facilities, GLPI acquires, develops and manages land and buildings used in the operation of casinos, racetracks, and related amenities. The company generates stable, long-term rental income by structuring triple-net leases with leading gaming operators, ensuring predictable cash flows tied to professionally operated entertainment venues.
Formed in 2013 as a spin-off from Penn National Gaming, GLPI has grown rapidly through strategic acquisitions and selective development projects. Since its inception, the company has completed numerous transactions to expand and diversify its portfolio, partnering with a range of tenants including major regional and national gaming operators. These partnerships allow GLPI to focus on its core real estate capabilities while tenants concentrate on casino operations, marketing and customer service.
With a portfolio of more than 60 properties in over a dozen states, GLPI serves a wide geographic footprint that spans from the East Coast to the Midwest and into the Southwest. Its assets include full-scale resorts, racetracks with integrated gaming facilities, and standalone casinos, often situated in high-traffic tourist destinations and urban markets. The company’s expertise in site selection, development oversight and asset management supports the ongoing enhancement of its properties, ensuring they remain competitive in an evolving regulatory environment.
Led by President and Chief Executive Officer Thomas A. Bené and a seasoned executive team with deep experience in real estate and gaming industries, GLPI focuses on balancing disciplined capital allocation with growth opportunities. The company pursues accretive acquisitions, debt refinancing and selective development to strengthen its portfolio. Governance and risk management are overseen by an independent board of directors, guiding GLPI’s commitment to operational excellence and adherence to the specialized requirements of gaming jurisdictions nationwide.
