Gaming and Leisure Properties
Real estate investment trust leasing casino properties.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
* | $1.3b | Post IPO Debt | |
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 5 % | 8 % | 10 % | 6 % | 4 % | 5 % | 5 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 87 % | 93 % | 94 % | 94 % | 92 % | 93 % | 94 % |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 44 % | 52 % | 51 % | 51 % | 47 % | 53 % | 52 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Equity research estimates
Related Content
Gaming and Leisure Properties, Inc. (GLPI) is a self-administered real estate investment trust (REIT) specializing in acquiring and owning casino properties. The company was formed on November 1, 2013, as a corporate spin-off from Penn National Gaming (now Penn Entertainment). This separation was designed to isolate real estate assets from gaming operations, creating a REIT that could leverage tax advantages to increase investor returns. Headquartered in Wyomissing, Pennsylvania, GLPI is led by Chairman and CEO Peter M. Carlino.
The company's business model is centered on triple-net lease agreements with gaming operators. Under these long-term leases, the tenants are responsible for all property-related expenses, including maintenance, taxes, insurance, and utilities, which provides GLPI with a stable and predictable revenue stream. The company generates revenue by leasing its extensive portfolio of properties to these operators. Its geographically diversified portfolio includes dozens of premier gaming assets across more than 20 states. Key tenants are leading gaming operators such as PENN Entertainment, Caesars Entertainment, Boyd Gaming Corporation, Bally's Corporation, and The Cordish Companies.
GLPI's portfolio consists of the real estate for well-known gaming and related facilities, including casinos, hotels, and entertainment venues. The company actively grows its portfolio by acquiring additional gaming facilities and has expressed intent to diversify by acquiring properties outside the gaming industry over time. This strategy includes financing new developments and purchasing existing properties, such as its acquisitions of properties from Bally's Corporation and the real estate assets of the Live! Casino & Hotel in Pennsylvania.
Keywords: real estate investment trust, REIT, casino properties, triple-net lease, gaming real estate, property acquisition, asset leasing, commercial real estate, casino financing, hospitality real estate, Penn Entertainment, Caesars Entertainment, Boyd Gaming, Bally's Corporation, Peter Carlino, gaming facilities, property investment, real estate financing, lease agreements, diversified portfolio, shareholder value, entertainment properties, US casinos, property management, asset management
Investments by Gaming and Leisure Properties
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