About the company
Gaming and Leisure Properties Inc (GLP) is not just your average real estate investment property trust. It has established itself as a key player in the gaming industry, specifically through leasing gaming and related facilities to wholly-owned subsidiaries of Penn National Gaming (Penn) across the United States. GLP strategically divides its operations into two distinct divisions: GLP Capital and TRS Properties. GLP Capital brings in the bulk of the company's revenue, primarily through rental income from dockside and land-based casinos. These casinos are predominately located in the American Midwest, contributing to GLP's prominent presence in that region. It's worth noting that the majority of GLP Capital's leases are long-term agreements, often accompanied by options for future extensions. This provides stability and ensures a steady stream of rental income for both GLP and its tenant, Penn. On the other hand, TRS Properties, another division of GLP, adds another layer of diversity to the company's revenue streams. Within TRS Properties, GLP operates Hollywood Casino Perryville and Hollywood Casino Baton Rouge. These properties not only contribute to GLP's income but also provide an additional avenue for gaming revenue generation. Hollywood Casino Perryville, located in Maryland, offers a variety of gaming options, including slot machines, table games, and poker. Its strategic location attracts both local patrons and visitors from nearby states, making it a popular destination for gambling enthusiasts in the region. Hollywood Casino Baton Rouge, situated in Louisiana, is known for its vibrant and lively atmosphere. With an array of gaming options such as slots, table games, and live poker, it caters to a wide range of players. The casino's prime location near the scenic Mississippi River enhances its appeal and makes it a popular spot among locals and tourists alike. Both Hollywood Casino Perryville and Hollywood Casino Baton Rouge play a significant role in GLP's revenue generation. This diverse approach allows GLP to benefit from multiple income sources within the gaming industry, further solidifying its position as a key player in the market. In summary, GLP has successfully positioned itself as a real estate investment property trust specializing in the gaming industry. Through its leasing arrangements with Penn subsidiaries, GLP Capital generates substantial rental income from dockside and land-based casinos primarily located in the American Midwest. Meanwhile, TRS Properties, encompassing Hollywood Casino Perryville and Hollywood Casino Baton Rouge, contributes to GLP's revenue through gaming operations. This strategic division of operations has allowed GLP to establish a strong foothold in the gaming industry and generate revenues from various sources within the market.
Website: https://www.glpropinc.com
Data updated: May 29, 2026
