7Baggers

Gaming and Leisure Properties, Inc
(NASDAQ:GLPI) 

GLPI stock logo

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the bu...

Founded: 2013
Full Time Employees: 648
Sector: Real Estate
Industry: REIT-Specialty
Real EstateREIT
Share this website to your friends
• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
• Current ast per Share:
• P/E ttm:
• P/E forward:
• P/E ttm high:
• P/E ttm low:
• P/S ttm:
• P/B ttm:
• P/FCF ttm:
• PEG ratio:
• Cash Ratio ttm:
• Quick Ratio ttm:
• Current Ratio ttm:
• Gross Mgn ttm:
• EBITDA Mgn ttm:
• Operating Mgn ttm:
• Net Income Mgn ttm:
• Trailing Div yield:
• Forward Div yield:
• Payout Ratio ttm:
• Ex-Dividend date:
• Target Price High:
• Target Price Low:
• Target Price Mean:
• Number of Analysts:
• Debt Ratio ttm:
• Debt to Equity ttm:
• Total Net Debt:
At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
    Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-09-30 
                                                      
      revenues
    		                                                 41,113,000 
      rental income
    		356,522,000 346,409,000 341,755,000 339,527,000 340,252,000 333,979,000 333,244,000 332,815,000 330,582,000 327,948,000 321,206,000 319,236,000 317,968,000 299,246,000 296,779,000 289,574,000 287,777,000 285,461,000 283,253,000 274,102,000 263,842,000 268,325,000 267,555,000 245,749,000 249,407,000 251,136,000 248,789,000 248,563,000 247,678,000 238,108,000 170,276,000 169,865,000 169,405,000 169,236,000 169,030,000 167,763,000 165,161,000 164,464,000 160,664,000 142,101,000           
      income from investment in leases, financing receivables
    		52,702,000 51,893,000 48,066,000 47,926,000 47,764,000 47,648,000 47,503,000 45,974,000 44,305,000                                          
      income from sales-type lease
    		3,838,000 2,822,250 3,767,000 3,762,000 3,760,000                                              
      interest income from real estate loans
    		6,923,000 4,892,000 4,022,000 3,661,000 3,459,000 4,224,000 3,354,000 1,837,000 1,077,000 1,022,000 22,000            5,574,000 6,240,000 7,316,000                          
      total income from real estate
    		419,985,000 407,031,000 397,610,000 394,876,000 395,235,000 389,615,000 385,341,000 380,626,000 375,964,000 369,029,000 359,560,000 356,589,000  336,388,000 333,818,000 326,513,000 314,966,000 285,461,000 283,253,000 274,102,000 263,842,000 268,325,000 273,129,000 251,989,000 256,723,000 258,452,000 255,995,000 255,764,000 254,871,000                      
      operating expenses
    		                                                  
      land rights and ground lease expense
    		13,798,000 14,126,000 13,785,000 13,942,000 13,555,000 12,228,000 11,758,000 11,870,000 11,818,000 11,804,000 12,406,000 11,892,000 12,014,000 11,870,000 11,754,000 11,720,000 13,704,000 13,052,000 9,414,000 8,191,000 6,733,000 7,098,000 8,084,000 5,781,000 8,078,000 8,866,000 9,094,000 15,229,000 9,249,000 8,898,000 6,484,000                    
      general and administrative
    		17,938,000 12,316,000 16,552,000 15,907,000 18,713,000 14,362,000 13,472,000 13,851,000 17,886,000 13,761,000 13,600,000 12,639,000 16,450,000 11,315,000 12,060,000 12,212,000 15,732,000 15,276,000 13,066,000 16,821,000 16,082,000 16,847,000 22,514,000 13,223,000 15,988,000 17,211,000 15,042,000 15,984,000 17,240,000 14,856,000 15,006,000 24,806,000 16,460,000 -305,000 21,534,000 20,691,000 21,231,000 21,179,000 21,821,000 22,261,000 20,906,000 21,123,000 19,285,000 23,722,000 21,539,000 22,621,000 17,743,000 19,531,000 20,941,000 5,966,000 
      gains from dispositions of property
    		    -125,000  -3,790,000    -22,000   -16,870,250 -67,430,000                                    
      depreciation
    		65,037,000 64,144,000 67,473,000 69,235,000 65,012,000 64,759,000 64,771,000 65,262,000 65,360,000 65,739,000 65,846,000 65,731,000 65,554,000 59,708,000 59,887,000 59,964,000 59,129,000 59,401,000 60,182,000 58,150,000 58,701,000 58,940,000 58,080,000 57,390,000 56,563,000 56,690,000 57,302,000 67,865,000 58,578,000 54,349,000 27,267,000 27,523,000 27,954,000 28,168,000 28,632,000 28,423,000 28,257,000 28,287,000 27,165,000 27,019,000 27,083,000 27,198,000 27,557,000 27,617,000 27,411,000 27,446,000 26,526,000 26,349,000 26,522,000 3,611,000 
      provision for credit losses
    		-10,137,000 -46,947,000 -37,363,000 53,728,000 39,246,000 -9,940,000 27,686,000 -3,786,000 23,294,000 -17,551,000 1,613,000 28,052,000 -5,653,000 -21,961,000 -19,000 2,222,000 26,656,000                                  
      total operating expenses
    		86,636,000 43,639,000 60,447,000 152,812,000 136,401,000 81,409,000 113,897,000 87,197,000 118,358,000 73,753,000 91,256,000 118,314,000 88,365,000 60,932,000 16,252,000 89,416,000 115,170,000 93,891,000 73,613,000 105,637,000 101,442,000 58,654,000 106,853,000 81,252,000 97,132,000 100,728,000 99,987,000 118,246,000 117,089,000 179,433,000 89,305,000 100,980,000 92,199,000 90,580,000 91,807,000 90,695,000 92,707,000 89,936,000 89,969,000 86,544,000 81,183,000 64,236,000 82,501,000 86,996,000 83,905,000 84,983,000 80,173,000 83,412,000 83,994,000 33,968,000 
      income from operations
    		333,349,000 363,392,000 337,163,000 242,064,000 258,834,000 308,206,000 271,444,000 293,429,000 257,606,000 295,276,000 268,304,000 238,275,000 266,849,000 275,456,000 317,566,000 237,097,000 199,796,000 204,444,000 225,099,000 212,124,000 200,101,000 241,507,000 200,701,000 180,716,000 186,350,000 188,256,000 187,625,000 170,767,000 170,775,000 123,884,000 164,834,000 153,241,000 151,851,000 150,117,000 152,699,000 152,696,000 150,006,000 148,863,000 143,306,000 120,817,000 67,637,000 64,453,000 65,291,000 76,827,000 78,756,000 74,053,000 77,622,000 77,374,000 74,334,000 5,665,000 
      yoy
    		28.79% 17.91% 24.21% -17.51% 0.48% 4.38% 1.17% 23.15% -3.46% 7.20% -15.51% 0.50% 33.56% 34.73% 41.08% 11.77% -0.15% -15.35% 12.16% 17.38% 7.38% 28.29% 6.97% 5.83% 9.12% 51.96% 13.83% 11.44% 12.46% -17.48% 7.95% 0.36% 1.23% 0.84% 6.55% 26.39% 121.78% 130.96% 119.49% 57.26% -14.12% -12.96% -15.89% -0.71% 5.95% 1207.20%     
      qoq
    		-8.27% 7.78% 39.29% -6.48% -16.02% 13.54% -7.49% 13.91% -12.76% 10.05% 12.60% -10.71% -3.12% -13.26% 33.94% 18.67% -2.27% -9.18% 6.12% 6.01% -17.14% 20.33% 11.06% -3.02% -1.01% 0.34% 9.87% -0.00% 37.85% -24.84% 7.57% 0.92% 1.16% -1.69% 0.00% 1.79% 0.77% 3.88% 18.61% 78.63% 4.94% -1.28% -15.02% -2.45% 6.35% -4.60% 0.32% 4.09% 1212.16%  
      operating margin %
    		Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% 75.12% 81.89% 95.13% 72.61% 63.43% 68.53% 75.36% 66.76% 66.36% 80.46% 65.26% 68.98% 65.74% 65.14% 65.24% 59.09% 59.32% 40.84% 64.86% 60.28% 62.22% 62.08% 62.15% 62.42% 61.49% 61.96% 61.07% 57.87% 45.03% 49.54% 43.75% 46.51% 48.01% 46.16% 48.72% 47.68% 46.55% Infinity% 
      other income
    		                                                  
      interest expense
    		-95,856,000 -92,616,000 -94,059,000 -89,934,000 -97,272,000 -97,847,000 -95,705,000 -86,670,000 -86,675,000 -82,869,000 -79,788,000 -79,371,000 -81,360,000 -76,538,000 -76,574,000 -78,257,000 -77,922,000 -71,779,000 -70,432,000 -70,413,000 -70,413,000 -70,485,000 -70,179,000 -69,474,000 -72,004,000 -73,158,000 -75,111,000 -76,523,000 -76,728,000 -76,220,000 -60,341,000 -57,055,000 -54,068,000 -53,969,000 -54,493,000 -54,657,000 -53,949,000 -53,679,000 -52,880,000 -45,936,000 -33,401,000 -33,810,000 -31,226,000 -29,585,000 -29,562,000 -29,570,000 -29,378,000    
      interest income
    		2,737,000 5,140,000 9,720,000 4,580,000 9,356,000 13,816,000 14,876,000 8,065,000 9,232,000 5,806,000 1,273,000 1,273,000 4,255,000 1,293,000 488,000 102,000 22,000 13,000 6,000 54,000 124,000 78,000 22,000 273,000 196,000 184,000 235,000 248,000 89,000 -963,000 1,418,000 891,000 481,000 492,000 492,000 487,000 464,000 471,000 481,000 654,000 517,000 571,000 581,000 585,000 595,000 607,000 623,000 668,000 546,000  
      losses on debt extinguishment and other financing costs
    		-268,000                                                  
      total other expenses
    		-93,387,000 -87,476,000 -88,122,000 -85,354,000 -87,916,000 -84,031,000 -80,829,000 -78,605,000 -77,443,000 -77,063,000 -78,515,000 -78,098,000 -77,661,000 -75,245,000 -76,086,000 -80,344,000 -77,900,000 -68,266,000 -70,426,000 -70,359,000 -70,289,000 -70,407,000 -70,936,000 -69,206,000 -89,137,000 -72,974,000 -95,890,000 -76,275,000 -76,639,000 -77,183,000 -58,923,000 -59,637,000 -53,587,000 -53,477,000 -54,001,000 -54,170,000 -53,485,000 -53,208,000 -52,399,000 -45,282,000 -32,884,000 -33,239,000 -30,645,000 -29,000,000 -28,967,000 -28,963,000 -28,755,000    
      income before income taxes
    		239,962,000 275,916,000 249,041,000 156,710,000 170,918,000 224,175,000 190,615,000 214,824,000 180,163,000 218,213,000 189,789,000 160,177,000 189,188,000 200,211,000 241,480,000 156,753,000 121,896,000 136,178,000 154,673,000 141,765,000 129,812,000 171,100,000 129,765,000 111,510,000 97,213,000 115,282,000 91,735,000 94,492,000 94,136,000 46,701,000 105,911,000 93,604,000 98,264,000 96,640,000 98,698,000 98,526,000 96,521,000 95,655,000 90,907,000 75,535,000 34,753,000 31,214,000 34,646,000 47,827,000 49,789,000 45,090,000 48,867,000 48,934,000   
      income tax expense
    		560,000 560,000 560,000 545,000 564,000 565,000 515,000 412,000 637,000 957,000 482,000 40,000 518,000 624,000 15,261,000 966,000 204,000    2,628,000 1,759,000 2,639,000 -840,000 319,000 991,000 1,188,000 1,459,000 1,126,000 770,000 1,096,000 1,606,000 1,492,000 3,381,000 1,684,000 2,192,000 2,530,000 1,963,000 1,307,000 2,271,000 2,004,000 1,441,000 1,417,000 1,882,000 2,702,000 932,000 -1,035,000    
      net income
    		239,402,000 275,356,000 248,481,000 156,165,000 170,354,000 223,610,000 190,100,000 214,412,000 179,526,000 217,256,000 189,307,000 160,137,000 188,670,000 199,587,000 226,219,000 155,787,000 121,692,000 119,627,000 149,059,000 138,216,000 127,184,000 169,341,000 127,126,000 112,350,000 96,894,000 114,291,000 90,547,000 93,033,000 93,010,000 45,931,000 104,815,000 91,998,000 96,772,000 93,259,000 97,014,000 96,334,000 93,991,000 93,692,000 89,600,000 73,264,000 32,749,000 29,773,000 33,229,000 45,945,000 47,087,000 44,158,000 49,902,000 47,012,000 44,312,000 2,681,000 
      yoy
    		40.53% 23.14% 30.71% -27.17% -5.11% 2.92% 0.42% 33.89% -4.85% 8.85% -16.32% 2.79% 55.04% 66.84% 51.76% 12.71% -4.32% -29.36% 17.25% 23.02% 31.26% 48.17% 40.40% 20.76% 4.18% 148.83% -13.61% 1.13% -3.89% -50.75% 8.04% -4.50% 2.96% -0.46% 8.27% 31.49% 187.00% 214.69% 169.64% 59.46% -30.45% -32.58% -33.41% -2.27% 6.26% 1547.07%     
      qoq
    		-13.06% 10.82% 59.11% -8.33% -23.82% 17.63% -11.34% 19.43% -17.37% 14.76% 18.22% -15.12% -5.47% -11.77% 45.21% 28.02% 1.73% -19.75% 7.84% 8.67% -24.89% 33.21% 13.15% 15.95% -15.22% 26.22% -2.67% 0.02% 102.50% -56.18% 13.93% -4.93% 3.77% -3.87% 0.71% 2.49% 0.32% 4.57% 22.30% 123.71% 10.00% -10.40% -27.68% -2.43% 6.63% -11.51% 6.15% 6.09% 1552.82%  
      net income margin %
    		Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% 53.11% 59.33% 67.77% 47.71% 38.64% 40.10% 49.90% 43.50% 42.18% 56.42% 41.33% 42.89% 34.18% 39.55% 31.48% 32.19% 32.31% 15.14% 41.24% 36.19% 39.65% 38.56% 39.49% 39.38% 38.53% 39.00% 38.19% 35.09% 21.80% 22.89% 22.27% 27.82% 28.70% 27.53% 31.32% 28.97% 27.75% Infinity% 
      net income attributable to non-controlling interest in the operating partnership
    		-7,573,000 -8,059,000 -7,290,000 -4,726,000 -5,170,000 -6,398,000 -5,406,000 -6,162,000 -5,062,000 -5,964,000 -5,297,000 -4,507,000 -5,319,000 -5,470,000 -6,265,000                                    
      net income attributable to common shareholders
    		231,829,000 267,297,000 241,191,000 151,439,000 165,184,000 217,212,000 184,694,000 208,250,000 174,464,000 211,292,000 184,010,000 155,630,000 183,351,000 194,117,000 219,954,000 151,314,000 119,268,000                                  
      other comprehensive income
    		                                                  
      reclassification of derivative gain to interest expense
    		-24,000 -24,000 -9,000                                                
      comprehensive income
    		239,378,000 275,332,000 248,575,000 157,029,000                                               
      comprehensive income attributable to non-controlling interest in the operating partnership
    		-7,572,000 -8,059,000 -7,293,000 -4,753,000                                               
      comprehensive income attributable to common shareholders
    		231,806,000 267,273,000 241,282,000 152,276,000                                               
      earnings per common share:
    		                                                  
      basic earnings attributable to common shareholders
    		820 950 850 550 600 790 670 770 640 790 700 590 700 750 860 610 480                                  
      diluted earnings attributable to common shareholders
    		820 950 850 540 600 790 670 770 640 780 700 590 700 750 850 610 480                                  
      loss on debt extinguishment
    		 -945,750 -3,783,000                                                
      gain on cash flow hedges
    		  103,000                                                
      unrealized gain on cash flow hedges
    		   864,000                                               
      income from sales-type leases
    		     310,000 1,240,000                                            
      property transfer tax recovery
    		                                                  
      losses on debt extinguishment
    		            -556,000   -2,189,000       -779,000 -5,000 -17,329,000  -21,014,000     -3,473,000                   
      interest income from investment in leases, financing receivables
    		         28,232,750 38,332,000 37,353,000 37,246,000 25,291,750 37,039,000 36,939,000 27,189,000                                  
      property transfer tax recovery and impairment charge
    		          -2,187,000                                        
      losses from dispositions of property
    		                   93,000                               
      impairment charge on land
    		               3,298,000                                   
      total revenues
    		            355,214,000 336,388,000 333,818,000 326,513,000 314,966,000 298,335,000 298,712,000 317,761,000 301,543,000 300,161,000 307,554,000 261,968,000 283,482,000 288,984,000 287,612,000 289,013,000 287,864,000 303,317,000 254,139,000 254,221,000 244,050,000 241,827,000 245,687,000 244,608,000 243,965,000 240,248,000 234,640,000 208,776,000 150,201,000 130,091,000 149,241,000 165,180,000 164,048,000 160,413,000 159,326,000 162,281,000 159,698,000  
      yoy
    		            12.78% 12.76% 11.75% 2.75% 4.45% -0.61% -2.87% 21.30% 6.37% 3.87% 6.93% -9.36% -1.52% -4.73% 13.17% 13.69% 17.95% 25.43% 3.44% 3.93% 0.03% 0.66% 4.71% 17.16% 62.43% 84.68% 57.22% 26.39% -8.44% -18.90% -6.33% 1.79% 2.72%      
      qoq
    		            5.60% 0.77% 2.24% 3.67% 5.57% -0.13% -5.99% 5.38% 0.46% -2.40% 17.40% -7.59% -1.90% 0.48% -0.48% 0.40% -5.09% 19.35% -0.03% 4.17% 0.92% -1.57% 0.44% 0.26% 1.55% 2.39% 12.39% 39.00% 15.46% -12.83% -9.65% 0.69% 2.27% 0.68% -1.82% 1.62%   
      gaming, food, beverage and other
    		                 12,874,000 15,459,000 43,659,000 37,701,000 31,836,000 34,425,000 9,979,000 26,759,000 30,532,000 31,617,000 33,249,000 32,993,000 30,160,000 31,750,000 35,889,000 34,746,000 33,919,000 36,198,000 37,489,000 39,260,000              
      net income attributable to noncontrolling interest in the operating partnership
    		               -4,473,000 -2,424,000                                  
      (gains) or losses from dispositions of property
    		                -51,000                                  
      losses from dispositions
    		                 -7,029,000 -14,815,000                                
      income tax provision
    		                 2,947,750 5,614,000 3,549,000                            1,922,000 1,594,000  
      basic earnings per common share
    		                 442.5 630 590 550 760 580 520 450 530 420 430 430 220 490 430 450 430 460 460 450 470 430 400 280 260 290 400 410 390 440 420 400  
      diluted earnings per common share
    		                 442.5 630 590 540 750 580 520 450 520 420 430 430 210 490 430 450 440 450 450 450 460 430 390 270 250 280 380 400 380 420 400 380  
      loan impairment charges
    		                            13,000,000                      
      income from direct financing lease
    		                             4,671,000 30,843,000 26,984,000 18,621,000 18,956,000 19,037,000 18,516,000 17,824,000 18,131,000 18,155,000 12,631,000           
      interest income from mortgaged real estate
    		                         5,400,000 7,206,000 7,201,000 7,193,000                      
      real estate taxes paid by tenants
    		                             23,435,000 21,270,000 21,483,000 21,278,000 19,716,000 21,422,000 20,840,000 21,720,000 19,905,000 20,438,000 15,673,000 11,827,000 -5,021,000 13,778,000 12,943,000 13,350,000 13,578,000 12,512,000 12,446,000 11,998,000  
      real estate taxes
    		                             23,776,000 21,586,000 21,800,000 21,595,000 19,860,000 21,751,000 20,912,000 22,143,000 20,300,000 20,866,000 16,075,000 12,207,000 -4,726,000 14,174,000 13,209,000 13,755,000 13,946,000 12,929,000 12,856,000 12,423,000  
      total rental revenue and income from direct financing lease
    		                             162,506,250 222,389,000 218,332,000 209,304,000 207,908,000 209,489,000 207,119,000 204,705,000 202,500,000 199,257,000 170,405,000           
      dividends paid per common share
    		                             472.5 630 630 630 467.5 630 620 620 430 600 560 560 410 550 550 550 390 520 520 520  
      land rights and ground leases expense
    		                               6,444,000 6,532,000                  
      less promotional allowances
    		                                 -1,130,000 -1,181,000 -1,217,000 -1,252,000 -1,449,000 -1,365,000 -1,415,000 -1,381,000 -1,402,000 -1,449,000 -1,357,000 -1,387,000 -1,377,000 -1,531,000    
      net revenues
    		                                 240,697,000 244,506,000 243,391,000 242,713,000 238,799,000 233,275,000 207,361,000 148,820,000 128,689,000 147,792,000 163,823,000 162,661,000 159,036,000 157,795,000 160,786,000 158,328,000 39,633,000 
      gaming
    		                                     34,902,000 32,770,000 35,539,000 35,383,000 33,885,000 34,915,000 37,131,000 36,379,000 33,606,000 36,473,000 39,449,000 38,755,000 38,129,000 
      food, beverage and other
    		                                     2,846,000 2,613,000 2,832,000 2,776,000 2,749,000 2,794,000 2,855,000 2,815,000 2,687,000 3,015,000 3,088,000 2,831,000 2,984,000 
      rental
    		                                        100,215,000 98,478,000 97,754,000 112,251,000 111,504,000 110,542,000 107,326,000 107,298,000 106,114,000  
      total rental revenue
    		                                        112,042,000 93,457,000 111,532,000 125,194,000 124,854,000 124,120,000 119,838,000 119,744,000 118,112,000  
      management fee
    		                                                  
      income from operations before income taxes
    		                                                45,906,000 4,476,000 
      total other incomes
    		                                                  
      taxes on income
    		                                                 1,795,000 
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-09-30 
                                                        
        assets
      		                                                  
        real estate investments
      		9,224,584,000 8,474,261,000 8,140,928,000 8,054,559,000 8,097,069,000 8,148,719,000 8,014,976,000 8,045,884,000 8,103,928,000 8,168,792,000 8,226,303,000 8,238,398,000 8,281,960,000 7,707,935,000 7,759,704,000 7,812,645,000 7,721,298,000 7,777,551,000 7,797,734,000 7,820,070,000 7,230,769,000 7,287,158,000 7,240,311,000 7,049,408,000 7,046,276,000 7,100,555,000 7,154,980,000 7,210,028,000 7,275,596,000 7,331,460,000 3,584,639,000 3,612,095,000 3,636,949,000 3,662,045,000 3,687,319,000 3,712,310,000 3,714,190,000 3,739,091,000 3,768,774,000 3,465,251,000 2,066,376,000 2,090,059,000 2,113,382,000 2,135,337,000 2,157,003,000 2,180,124,000 2,201,856,000 2,178,613,000 2,153,653,000  
        investment in leases, financing receivables
      		2,562,869,000 2,557,504,000 2,312,640,000 2,276,068,000 2,313,156,000 2,333,114,000 2,313,775,000 2,312,021,000 2,185,707,000 2,023,606,000 1,998,551,000 1,891,789,000 1,914,292,000 1,903,195,000 1,875,895,000 1,870,639,000 1,867,721,000 1,201,670,000                                 
        investment in leases, sales-type
      		250,512,000 248,421,000 248,325,000 243,393,000 245,661,000 254,821,000 257,207,000                                            
        real estate loans
      		299,709,000 247,999,000 176,882,000 161,168,000 160,793,000 160,590,000 158,854,000 90,372,000 52,307,000 39,036,000 39,291,000             246,000,000 303,684,000 303,684,000                         
        right-of-use assets and land rights
      		1,067,185,000 1,072,163,000 1,077,052,000 1,081,933,000 1,086,839,000 1,091,783,000 825,367,000 828,098,000 831,922,000 835,524,000 839,295,000 844,627,000 867,228,000 834,067,000 837,785,000 841,537,000 845,316,000 851,819,000 860,538,000 865,392,000 765,932,000 769,197,000 828,130,000 831,552,000 835,027,000 838,734,000 859,293,000 862,927,000 872,656,000                      
        cash and cash equivalents
      		274,513,000 224,314,000 751,715,000 604,164,000 168,875,000 462,632,000 494,135,000 94,494,000 211,533,000 683,983,000 81,149,000 9,450,000 6,822,000 239,083,000 59,026,000 6,286,000 156,020,000 724,595,000 423,224,000 147,594,000 520,740,000 486,451,000 105,894,000 74,050,000 559,545,000 26,823,000 25,556,000 24,739,000 30,334,000 25,783,000 1,162,774,000 144,472,000 45,420,000 29,054,000 43,634,000 29,510,000 23,361,000 36,556,000 25,359,000 23,739,000 61,561,000 41,875,000 42,740,000 31,059,000 45,367,000 35,973,000 31,334,000 41,679,000 48,278,000 18,550,000 
        other assets
      		86,034,000 84,947,000 79,029,000 70,783,000 60,128,000 63,458,000 62,577,000 58,517,000 55,380,000 55,717,000 51,032,000 47,673,000 45,793,000 246,106,000 243,326,000 45,399,000 52,397,000 44,109,000 36,491,000 36,427,000 34,740,000 36,877,000 34,063,000 32,025,000 26,469,000 34,494,000 31,501,000 30,959,000 31,415,000 67,486,000 99,569,000 76,807,000 64,078,000 58,675,000 80,738,000 72,795,000 67,957,000 50,090,000 1,306,000 1,373,000 388,000 387,000 385,000 424,000 419,000 383,000 14,845,000 14,313,000 13,275,000 134,000 
        total assets
      		13,765,406,000 12,909,609,000 12,786,571,000 12,492,068,000 12,132,521,000 13,075,949,000 12,680,997,000 11,777,168,000 11,784,021,000 11,806,658,000 11,235,621,000 11,031,937,000 11,116,095,000 10,930,386,000 10,775,736,000 10,657,734,000 10,720,480,000 10,690,449,000 9,284,773,000 9,099,319,000 9,013,490,000 9,034,368,000 8,636,983,000 8,665,425,000 8,899,161,000 8,434,298,000 8,504,752,000 8,563,864,000 8,646,832,000 8,577,293,000 8,295,898,000 7,288,560,000 7,220,447,000 7,246,882,000 7,334,808,000 7,357,220,000 7,314,399,000 7,369,330,000 7,421,320,000 7,149,062,000 2,436,229,000 2,448,155,000 2,516,115,000 2,515,974,000 2,552,477,000 2,564,580,000 2,595,437,000 2,581,677,000 2,561,886,000 267,183,000 
        liabilities
      		                                                  
        accounts payable and accrued expenses
      		6,853,000 6,641,000 6,704,000 5,564,000 4,596,000 5,802,000 5,488,000 4,455,000 4,692,000 7,011,000 14,433,000 5,084,000 6,931,000                                     6,007,000 
        accrued interest
      		81,403,000 106,253,000 55,023,000 93,622,000 73,153,000 105,752,000 95,657,000 82,091,000 87,394,000 83,112,000 78,203,000 80,651,000 78,475,000 82,297,000 86,657,000 85,060,000 89,189,000 71,810,000 81,440,000 70,598,000 81,558,000 72,285,000 83,165,000 58,150,000 77,564,000 60,695,000 84,456,000 53,340,000 98,223,000 45,261,000 92,093,000 35,608,000 75,479,000 33,241,000 75,881,000 33,172,000 75,671,000 33,743,000 73,367,000 29,975,000 42,848,000 17,623,000 42,533,000 17,514,000 42,431,000 17,528,000 42,415,000 17,490,000 42,869,000  
        accrued salaries and wages
      		2,981,000 10,209,000 8,446,000 4,427,000 2,229,000 7,154,000 5,174,000 3,621,000 1,760,000 7,452,000 5,525,000 3,795,000 1,940,000 6,742,000 5,278,000 3,567,000 1,990,000 6,798,000 5,115,000 3,404,000 1,202,000 5,849,000 4,417,000 3,493,000 3,154,000 13,821,000 10,215,000 8,120,000 6,848,000 17,010,000 14,835,000 17,416,000 3,129,000 10,809,000 6,884,000 4,825,000 3,385,000 10,619,000 8,221,000 12,740,000 5,096,000 13,719,000 11,679,000 9,140,000 6,387,000 12,581,000 10,661,000 10,441,000 8,135,000 2,928,000 
        operating lease liabilities
      		241,765,000 242,481,000 243,095,000 243,692,000 244,314,000 244,973,000 196,432,000 195,918,000 196,496,000 196,853,000 197,373,000 199,060,000 218,392,000 181,965,000 182,416,000 182,900,000 183,410,000 183,945,000                                 
        financing lease liabilities
      		61,317,000 61,219,000 61,105,000 60,993,000 60,886,000 60,788,000 60,673,000 60,561,000 54,378,000  54,139,000 54,017,000 53,901,000 53,792,000 53,669,000 53,548,000 53,433,000 53,309,000                                 
        long-term debt
      		8,075,014,000 7,203,731,000 7,201,213,000 6,892,308,000 6,889,064,000 7,735,877,000 7,413,012,000 6,632,842,000 6,630,196,000 6,627,550,000 6,246,206,000 6,248,838,000 6,291,470,000 6,128,468,000 6,126,143,000 6,522,306,000 6,555,077,000 6,552,372,000 5,761,997,000 5,759,561,000 5,757,125,000 5,754,689,000 5,752,252,000 5,768,330,000 6,255,714,000 5,737,962,000 5,749,136,000 5,796,990,000 5,795,122,000 5,853,497,000 5,449,147,000 4,506,744,000 4,401,107,000 4,442,880,000 4,449,652,000 4,521,423,000 4,573,194,000 4,664,965,000 4,661,577,000 4,513,347,000 2,468,881,000 2,510,239,000 2,541,313,000 2,566,339,000 2,576,364,000 2,609,406,000 2,546,000,000 2,526,000,000 2,500,000,000  
        deferred rental revenue
      		206,201,000 205,786,000 208,075,000 213,521,000 220,025,000 228,508,000 238,419,000 253,171,000 269,032,000 284,893,000 298,329,000 307,271,000 316,022,000 324,774,000 327,546,000 330,591,000 327,525,000 329,068,000 330,517,000 331,405,000 332,233,000 333,061,000 368,850,000 515,495,000 337,129,000 328,485,000 319,841,000 311,198,000 302,555,000 293,911,000 281,174,000 265,256,000 248,640,000 232,023,000 215,407,000 198,790,000 182,297,000 166,052,000 149,807,000 135,291,000 121,335,000 107,379,000 93,423,000        
        other liabilities
      		53,043,000 65,029,000 47,059,000 44,631,000 43,726,000 41,571,000 41,390,000 39,584,000 42,256,000 36,572,000 31,203,000 30,347,000 30,773,000 27,691,000 39,741,000 24,605,000 37,746,000 33,796,000 37,146,000 42,265,000 38,528,000 39,985,000 29,943,000 27,241,000 22,518,000 26,651,000 24,720,000 25,283,000 25,096,000 26,059,000 27,375,000 27,068,000 27,018,000 25,411,000 23,559,000 22,865,000 20,756,000 19,564,000             
        total liabilities
      		8,728,577,000 7,901,349,000 7,830,720,000 7,558,758,000 7,537,993,000 8,430,425,000 8,056,245,000 7,272,243,000 7,286,204,000 7,297,704,000 6,925,411,000 6,929,063,000 6,997,904,000 6,812,290,000 6,828,389,000 7,209,072,000 7,251,995,000 7,300,309,000 6,407,034,000 6,397,588,000 6,366,847,000 6,359,350,000 6,427,707,000 6,562,660,000 6,886,856,000 6,360,053,000 6,398,120,000 6,405,177,000 6,439,148,000 6,311,686,000 5,937,502,000 4,909,792,000 4,803,599,000 4,788,635,000 4,841,704,000 4,838,453,000 4,907,063,000 4,935,461,000 4,971,660,000 4,762,890,000 2,695,044,000 2,701,669,000 2,752,701,000 2,651,821,000 2,678,017,000 2,689,316,000 2,673,336,000 2,654,599,000 2,629,914,000  
        commitments and contingencies
      		                                                  
        equity
      		                                                  
        preferred stock
      		                                                  
        common stock
      		2,832,000 2,830,000 2,830,000 2,830,000 2,748,000 2,744,000 2,744,000 2,715,000 2,715,000 2,709,000 2,670,000 2,626,000 2,624,000 2,607,000 2,575,000 2,475,000 2,475,000 2,472,000 2,380,000 2,343,000 2,328,000 2,325,000 2,207,000 2,178,000 2,151,000 2,147,000 2,147,000 2,147,000 2,146,000 2,142,000 2,140,000 2,137,000 2,135,000 2,127,000 2,126,000 2,122,000 2,081,000 2,077,000 2,071,000 2,034,000 1,170,000 1,156,000 1,147,000 1,144,000 1,142,000 1,130,000 1,124,000 1,123,000 1,118,000  
        additional paid-in capital
      		6,611,159,000 6,613,488,000 6,609,678,000 6,608,591,000 6,200,349,000 6,209,827,000 6,204,578,000 6,059,956,000 6,054,530,000 6,052,109,000 5,867,491,000 5,651,612,000 5,632,246,000 5,573,567,000 5,413,256,000 4,953,946,000 4,949,638,000 4,953,943,000 4,541,158,000 4,354,643,000 4,280,723,000 4,284,789,000 3,960,861,000 3,955,293,000 3,951,341,000 3,959,383,000 3,955,555,000 3,951,949,000 3,947,768,000 3,952,503,000 3,945,392,000 3,935,517,000 3,930,777,000 3,933,829,000 3,927,786,000 3,916,328,000 3,769,502,000 3,760,729,000 3,745,505,000 3,647,137,000 962,826,000 935,220,000 918,668,000 910,225,000 903,608,000 888,860,000 874,435,000 869,861,000 862,588,000 68,770,000 
        accumulated deficit
      		-1,980,009,000 -1,990,770,000 -2,037,129,000 -2,057,380,000 -1,987,886,000 -1,944,009,000 -1,952,445,000 -1,928,360,000 -1,930,027,000 -1,897,913,000 -1,911,623,000 -1,903,326,000 -1,869,643,000 -1,798,216,000 -1,808,346,000 -1,846,549,000 -1,823,139,000 -1,771,402,000 -1,665,799,000 -1,655,255,000 -1,636,408,000 -1,612,096,000 -1,753,792,000 -1,854,706,000 -1,941,187,000 -1,887,285,000 -1,851,070,000 -1,795,409,000 -1,742,230,000 -1,689,038,000                     
        accumulated other comprehensive income
      		881,000 904,000 927,000 837,000                                               
        total equity attributable to gaming and leisure properties
      		4,634,863,000 4,626,452,000 4,576,306,000 4,554,878,000 4,215,211,000 4,268,562,000 4,254,877,000 4,134,311,000 4,127,218,000 4,156,905,000 3,958,538,000 3,750,912,000 3,765,227,000 3,777,958,000 3,607,485,000 3,109,872,000 3,128,974,000 3,185,013,000                                 
        noncontrolling interests in glpi's operating partnership
      		401,966,000  379,545,000 378,432,000 379,317,000  369,875,000 370,614,000 370,599,000  351,672,000 351,962,000 352,964,000  339,862,000 338,790,000 339,511,000                                  
        total equity
      		5,036,829,000 5,008,260,000 4,955,851,000 4,933,310,000 4,594,528,000 4,645,524,000 4,624,752,000 4,504,925,000 4,497,817,000 4,508,954,000 4,310,210,000 4,102,874,000 4,118,191,000 4,118,096,000 3,947,347,000 3,448,662,000 3,468,485,000 3,390,140,000                                 
        total liabilities and equity
      		13,765,406,000 12,909,609,000 12,786,571,000 12,492,068,000 12,132,521,000 13,075,949,000 12,680,997,000 11,777,168,000 11,784,021,000 11,806,658,000 11,235,621,000 11,031,937,000 11,116,095,000 10,930,386,000 10,775,736,000 10,657,734,000 10,720,480,000 10,690,449,000                                 
        held to maturity investment securities
      		     560,832,000 554,106,000 347,782,000 343,244,000                                          
        non-controlling interests in glpi's operating partnership
      		 381,808,000                                                 
        non-controlling interests in glpi's operating partnership (8,224,939 units and 7,653,326 units outstanding at december 31, 2024 and december 31, 2023, respectively
      		     376,962,000                                             
        financing lease liability
      		         54,261,000                                         
        non-controlling interests in glpi's operating partnership (7,653,326 units and 7,366,683 units outstanding at december 31, 2023 and december 31, 2022, respectively
      		         352,049,000                                         
        assets held for sale
      		               81,228,000 77,728,000 77,728,000 118,118,000 142,939,000 70,457,000 61,448,000                             
        accounts payable, dividend payable and accrued expenses
      		             6,561,000 6,939,000 6,495,000 3,625,000                                  
        non-controlling interests in glpi's operating partnership (7,366,683 units and 4,348,774 units outstanding at december 31, 2022 and december 31, 2021, respectively
      		             340,138,000                                     
        property and equipment, used in operations
      		                 12,977,000 40,085,000 79,077,000 79,919,000 80,618,000 89,319,000 90,888,000 92,443,000 94,080,000 95,617,000 97,219,000 98,513,000 100,884,000 102,429,000 104,312,000 106,259,000 108,293,000 110,231,000 114,413,000 116,447,000 119,427,000 121,382,000 124,246,000 126,755,000 129,747,000 131,916,000 134,741,000 136,533,000 134,028,000 136,139,000 139,010,000 141,886,000  
        real estate of tropicana las vegas
      		                    303,888,000 304,831,000 305,773,000 306,715,000                           
        accounts payable
      		                 779,000 152,000 585,000 168,000 375,000 842,000 1,124,000 339,000 1,006,000 166,000 171,000 702,000 2,511,000 1,851,000 461,000 492,000 715,000 435,000 432,000 955,000 1,079,000 588,000 244,000 490,000 406,000 2,637,000 2,441,000 3,301,000 4,409,000 18,448,000 49,074,000 24,594,000  
        dividend payable and accrued expenses
      		                 62,764,000                                 
        gaming, property, and other taxes
      		                 502,000 271,000 295,000 830,000 146,000 769,000 1,632,000 810,000 944,000 1,111,000 966,000 1,340,000 42,879,000 61,839,000 49,811,000 41,196,000 35,399,000 61,529,000 49,283,000 41,580,000 32,584,000 46,116,000 31,337,000 25,351,000 24,702,000 36,231,000 30,136,000 25,132,000 22,741,000 32,561,000 26,759,000 23,764,000  
        income taxes payable
      		                 5,166,000     26,000 266,000                           
        deferred tax liabilities
      		                   380,000 399,000 359,000 334,000 307,000 332,000 279,000 262,000 233,000 258,000 261,000 279,000 257,000 279,000 244,000 280,000 294,000 264,000 265,000             
        noncontrolling interests in glpi's operating partnership (4,348,774 units and no units outstanding at december 31, 2021 and december 31, 2020, respectively
      		                 205,127,000                                 
        prepaid expenses
      		                  809,000 2,152,000 1,461,000 2,098,000 2,195,000 2,582,000 4,544,000 4,228,000 2,665,000 2,943,000 3,462,000 30,967,000 10,061,000 4,417,000 8,282,000 8,452,000 9,762,000 4,379,000 8,122,000 7,477,000 9,511,000 6,185,000 7,362,000 7,908,000 7,519,000 3,542,000 7,468,000 7,900,000 10,026,000 4,779,000 7,667,000  
        deferred tax assets
      		                  7,774,000 5,668,000 5,584,000 5,690,000 5,654,000 6,561,000 5,529,000 6,056,000 5,812,000 5,721,000 5,528,000 5,178,000 4,973,000 4,769,000 4,510,000 4,478,000 5,898,000 5,246,000 4,678,000 3,922,000             
        accrued expenses
      		                  3,030,000 2,167,000 978,000 398,000 4,643,000 3,766,000 5,998,000 6,239,000 6,716,000 6,778,000 5,951,000 30,297,000 8,909,000 7,171,000 6,060,000 7,913,000 8,077,000 7,369,000 6,023,000 6,590,000 7,290,000 6,512,000 12,343,000 9,580,000 8,973,000 9,106,000 5,756,000 5,339,000 6,199,000 7,423,000 6,995,000  
        income taxes
      		                  885,000  1,922,000        648,000    199,000    2,938,000       229,000 1,572,000    5,889,000 6,959,000 
        lease liabilities
      		                  186,481,000 186,928,000 151,904,000 152,203,000 182,466,000 182,856,000 183,298,000 183,971,000 201,497,000 202,098,000 202,405,000                      
        shareholders’ equity
      		                                                  
        total shareholders’ equity
      		                  2,877,739,000 2,701,731,000 2,646,643,000 2,675,018,000 2,209,276,000 2,102,765,000 2,012,305,000 2,074,245,000 2,106,632,000 2,158,687,000 2,207,684,000 2,265,607,000 2,358,396,000 2,378,768,000 2,416,848,000 2,458,247,000 2,493,104,000 2,518,767,000 2,407,336,000 2,433,869,000 2,449,660,000 2,386,172,000           
        total liabilities and shareholders’ equity
      		                  9,284,773,000 9,099,319,000 9,013,490,000 9,034,368,000 8,636,983,000 8,665,425,000 8,899,161,000 8,434,298,000 8,504,752,000 8,563,864,000 8,646,832,000 8,577,293,000 8,295,898,000 7,288,560,000 7,220,447,000 7,246,882,000 7,334,808,000 7,357,220,000 7,314,399,000 7,369,330,000 7,421,320,000 7,149,062,000           
        goodwill
      		                      16,067,000 16,067,000 16,067,000 16,067,000 16,067,000 16,067,000 16,067,000 16,067,000 75,521,000 75,521,000 75,521,000 75,521,000 75,521,000 75,521,000 75,521,000 75,521,000 75,521,000 75,521,000 75,521,000 75,521,000 75,521,000 75,521,000 75,521,000 75,521,000 75,521,000 75,521,000 75,521,000 75,521,000 
        other intangible assets
      		                      9,577,000 9,577,000 9,577,000 9,577,000 9,577,000 9,577,000 9,577,000 9,577,000 9,577,000 9,577,000 9,577,000 9,577,000 9,577,000 9,577,000 9,577,000 9,577,000 9,577,000 9,577,000 9,577,000 9,577,000 9,577,000 9,577,000 9,577,000 9,577,000 9,577,000 9,577,000 9,577,000 9,577,000 
        loan receivable
      		                             13,000,000 13,991,000 13,497,000 13,000,000 13,000,000 13,000,000 13,000,000 13,000,000 26,200,000 26,738,000 27,275,000 27,813,000 29,350,000 32,388,000 32,925,000 33,463,000 34,000,000 35,000,000 36,000,000 41,000,000  
        mortgage loans receivable
      		                          303,684,000 303,684,000 303,684,000 303,684,000                     
        land rights
      		                             673,207,000 631,966,000 634,693,000 637,421,000 640,148,000 642,876,000 645,603,000 588,447,000 590,758,000 593,069,000 595,380,000           
        investment in direct financing lease
      		                              2,600,398,000 2,608,400,000 2,619,430,000 2,637,639,000 2,656,252,000 2,674,866,000 2,693,099,000 2,710,711,000 2,728,716,000 2,746,720,000           
        retained accumulated deficit
      		                              -1,589,136,000 -1,558,886,000 -1,516,064,000 -1,477,709,000 -1,436,808,000 -1,399,683,000 -1,364,247,000 -1,328,937,000 -1,297,916,000            
        debt issuance costs, net of accumulated amortization of 9,500 and 5,937 at december 31, 2016 and december 31, 2015, respectively
      		                                                  
        other current assets
      		                                      57,983,000 70,502,000 58,376,000 57,721,000 60,837,000 54,606,000 47,644,000 45,254,000 37,726,000 37,087,000 24,240,000  
        debt issuance costs, net of accumulated amortization of 9,500 and 5,937 at september 30, 2016 and december 31, 2015, respectively
      		                                                  
        deferred tax assets, non-current
      		                                      3,384,000 3,293,000 2,500,000 2,447,000 1,968,000 1,308,000 808,000 679,000     
        current maturities of long-term debt
      		                                      106,000 105,000 104,000 102,000 101,000 100,000 99,000 81,000     
        other current liabilities
      		                                      24,323,000 32,992,000 18,390,000 17,687,000 15,474,000 16,450,000 16,237,000 15,788,000 15,269,000 15,344,000 14,585,000 1,959,000 
        deferred tax liabilities, non-current
      		                                      265,000 347,000 206,000 232,000 337,000 366,000 738,000 1,443,000     
        debt issuance costs, net of accumulated amortization of 9,500 and 5,937 at june 30, 2016 and december 31, 2015, respectively
      		                                                  
        retained deficit
      		                                       -1,262,999,000 -1,222,811,000 -1,189,890,000 -1,156,401,000 -1,047,216,000 -1,030,290,000      
        debt issuance costs, net of accumulated amortization of 9,500 and 5,937 at march 31, 2016 and december 31, 2015, respectively
      		                                                  
        shareholders’ deficit
      		                                                  
        total shareholders’ deficit
      		                                        -258,815,000 -253,514,000 -236,586,000 -135,847,000 -125,540,000      
        total liabilities and shareholders’ deficit
      		                                        2,436,229,000 2,448,155,000 2,516,115,000 2,515,974,000 2,552,477,000      
        debt issuance costs, net of accumulated amortization of 5,937 at december 31, 2015
      		                                         3,563,000         
        deferred tax assets, current
      		                                          1,799,000 1,847,000 1,568,000 2,015,000     
        debt issuance costs, net of accumulated amortization of 17,057 and 9,327 at september 30, 2015 and december 31, 2014, respectively
      		                                          38,083,000        
        debt issuance costs, net of accumulated amortization of 13,366 and 9,327 at june 30, 2015 and december 31, 2014, respectively
      		                                           35,087,000       
        debt issuance costs, net of accumulated amortization of 11,347 and 9,327 at march 31, 2015 and december 31, 2014, respectively
      		                                            37,106,000      
        debt issuance costs, net of accumulated amortization of 9,327 and 1,270 at december 31, 2014 and 2013, respectively
      		                                             39,126,000     
        shareholders’ (deficit) equity
      		                                                  
        retained (deficit) earnings
      		                                             -1,014,726,000 -953,458,000    
        total shareholders’ (deficit) equity
      		                                             -124,736,000 -77,899,000    
        total liabilities and shareholders’ (deficit) equity
      		                                             2,564,580,000 2,595,437,000 2,581,677,000 2,561,886,000  
        deferred income taxes
      		                                              2,267,000 1,933,000 1,927,000 1,985,000 
        debt issuance costs, net of accumulated amortization of 7,308 and 1,270 at september 30, 2014 and december 31, 2013, respectively
      		                                              41,146,000    
        revenues
      		                                                  
        rental
      		                                              107,326,000 107,298,000 106,114,000  
        real estate taxes paid by tenants
      		                                              12,512,000 12,446,000 11,998,000  
        total rental revenue
      		                                              119,838,000 119,744,000 118,112,000  
        gaming
      		                                              36,473,000 39,449,000 38,755,000  
        food, beverage and other
      		                                              3,015,000 3,088,000 2,831,000  
        total revenues
      		                                              159,326,000 162,281,000 159,698,000  
        less promotional allowances
      		                                              -1,531,000    
        net revenues
      		                                              157,795,000 160,786,000 158,328,000  
        operating expenses
      		                                                  
        real estate taxes
      		                                              12,929,000 12,856,000 12,423,000  
        general and administrative
      		                                              17,743,000 19,531,000 20,941,000  
        depreciation
      		                                              26,526,000 26,349,000 26,522,000  
        total operating expenses
      		                                              80,173,000 83,412,000 83,994,000  
        income from operations
      		                                              77,622,000 77,374,000 74,334,000  
        other income
      		                                                  
        interest expense
      		                                              -29,378,000    
        interest income
      		                                              623,000 668,000 546,000  
        management fee
      		                                                  
        total other incomes
      		                                              -28,755,000    
        income before income taxes
      		                                              48,867,000 48,934,000   
        income tax (benefit) expense
      		                                              -1,035,000    
        net income
      		                                              49,902,000 47,012,000 44,312,000  
        earnings per common share:
      		                                                  
        basic earnings per common share
      		                                              440 420 400  
        diluted earnings per common share
      		                                              420 400 380  
        dividends paid per common share
      		                                              520 520 520  
        debt issuance costs, net of accumulated amortization of 5,288 and 1,270 at june 30, 2014 and december 31, 2013, respectively
      		                                               43,165,000   
        income tax provision
      		                                               1,922,000 1,594,000  
        debt issuance costs, net of accumulated amortization of 3,277 and 1,270 at march 31, 2014 and december 31, 2013, respectively
      		                                                44,862,000  
        income from operations before income taxes
      		                                                45,906,000  
        current assets
      		                                                  
        accounts receivable
      		                                                 418,000 
        prepaid expenses and other current assets
      		                                                 2,887,000 
        total current assets
      		                                                 23,840,000 
        property and equipment
      		                                                 111,185,000 
        receivable from penn national gaming, inc.
      		                                                 46,926,000 
        total other assets
      		                                                 132,158,000 
        current liabilities
      		                                                  
        total current liabilities
      		                                                 17,853,000 
        long-term liabilities
      		                                                  
        total long-term liabilities
      		                                                 4,992,000 
        stockholders’ equity
      		                                                  
        retained earnings
      		                                                 175,568,000 
        total stockholders’ equity
      		                                                 244,338,000 
        total liabilities and stockholders’ equity
      		                                                 267,183,000 
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 
                                                         
          operating activities
        		                                                 
          net income
        		239,402,000 275,356,000 248,481,000 156,165,000 170,354,000 223,610,000 190,100,000 214,412,000 179,526,000 217,256,000 189,307,000 160,137,000 188,670,000 199,587,000 226,219,000 155,787,000 121,692,000 119,627,000 149,059,000 138,216,000 127,184,000 169,341,000 127,126,000 112,350,000 96,894,000 114,291,000 90,547,000 93,033,000 93,010,000 45,931,000 104,815,000 91,998,000 96,772,000 93,259,000 97,014,000 96,334,000 93,991,000 93,692,000 89,600,000 73,264,000 32,749,000 29,773,000 5,317,000 45,945,000 47,087,000 44,158,000 49,902,000 47,012,000 44,312,000 
          adjustments to reconcile net income to net cash from operating activities:
        		                                                 
          depreciation and amortization
        		69,307,000 68,414,000 71,743,000 73,505,000 69,282,000 68,201,000 68,047,000 68,538,000 68,636,000 69,015,000 69,545,000 69,020,000 68,844,000 62,997,000 63,177,000 63,254,000 65,119,000 65,845,000 63,504,000 61,156,000 61,544,000 61,901,000 61,101,000 60,410,000 59,583,000 59,710,000 60,322,000 77,271,000 61,668,000 57,439,000 29,994,000 30,251,000 30,681,000 30,896,000 31,359,000 31,012,000 30,568,000 30,598,000 29,476,000           
          amortization of items charged to interest expense
        		3,468,000 3,383,000                                                
          amortization of gain on cash flow hedges and loan discounts
        		-81,000                                                 
          accretion on investment in leases and adjustments to lease liabilities
        		-7,412,000                                                 
          accretion on held to maturity investment securities
        		 0 0 0 10,837,000   -4,538,000 -2,269,000                                         
          non-cash adjustment to financing lease liabilities
        		98,000  112,000 107,000 98,000  112,000 129,000 117,000  122,000 116,000 109,000  121,000 115,000 124,000                                 
          gains from dispositions of property
        		  0 0 -125,000                                             
          stock-based compensation
        		8,104,000 4,616,000 1,551,000 6,156,000 8,858,000 5,252,000 5,463,000 5,425,000 8,122,000 4,914,000 5,139,000 5,013,000 7,807,000 4,183,000 4,336,000 4,308,000 7,600,000 3,645,000 3,786,000 3,612,000 5,788,000 3,352,000 8,353,000 4,064,000 4,235,000 3,845,000 3,845,000 4,183,000 4,325,000 3,274,000 3,275,000 616,000 3,987,000 3,685,000 3,695,000 3,773,000 4,483,000 4,508,000 4,641,000 4,591,000 4,572,000 4,153,000 4,153,000 4,111,000 4,394,000     
          straight-line rent and deferred rent adjustments
        		471,000  -5,390,000 -6,433,000 -8,412,000                                             
          provision for credit losses
        		-10,137,000 -46,947,000 -37,363,000 53,728,000 39,246,000 -9,940,000 27,686,000 -3,786,000 23,294,000 -17,551,000 1,613,000 28,052,000 -5,653,000 -21,961,000 -19,000 2,222,000 26,656,000                                 
          change in operating assets and liabilities
        		                                                 
          other assets
        		-2,049,000 -5,197,000 -9,065,000 -9,605,000 1,269,000 14,206,000 -19,509,000 -2,927,000 -1,968,000 -5,794,000 1,752,000 -1,898,000 -2,007,000 -2,833,000 5,379,000 4,449,000 4,782,000                      68,000 -725,000 -1,000 -2,000 2,000   -423,000    
          accounts payable and accrued expenses
        		625,000  564,000 238,000 344,000  446,000 -573,000 -509,000  -334,000 -217,000 94,000  -3,289,000 4,947,000 -1,096,000  -2,241,000                               
          accrued interest
        		-24,850,000 51,230,000 -38,599,000 20,469,000 -32,599,000 10,095,000 13,566,000 -5,303,000 4,282,000 4,909,000 -2,448,000 2,176,000 -3,822,000 -4,360,000 1,597,000 -4,129,000 17,379,000 -9,630,000 10,842,000 -10,960,000 9,273,000 -10,880,000 25,015,000 -19,414,000 16,869,000 -23,761,000 31,116,000 -44,883,000 52,962,000 -46,832,000 56,485,000 -39,871,000 42,238,000 -42,640,000 42,709,000 -42,499,000 41,928,000 -39,624,000 43,392,000 -12,873,000 25,225,000 -24,910,000 25,019,000 -24,917,000 24,903,000 -24,887,000   24,814,000 
          accrued salaries and wages
        		-7,228,000  4,019,000 2,198,000 -4,925,000  1,553,000 1,861,000 -5,692,000  1,730,000 1,855,000 -4,802,000  1,711,000 1,577,000 -4,808,000 -33,000 284,000 3,414,000 -4,780,000 3,496,000 924,000 339,000 -10,667,000 3,606,000 2,095,000 1,272,000 -10,162,000 2,175,000 -2,581,000 14,287,000 -7,680,000 3,925,000 2,059,000 1,440,000 -7,234,000 2,398,000 -4,519,000 7,644,000 -8,623,000 2,040,000 2,539,000 2,753,000 -6,194,000 1,920,000 220,000   
          other liabilities
        		511,000 1,711,000 3,078,000 486,000 1,929,000 73,000 3,002,000 -1,272,000 5,323,000 4,370,000 -795,000 -426,000 3,082,000 -12,049,000 15,137,000 -13,142,000 -1,718,000  -650,000 1,638,000 -1,893,000  2,702,000 4,723,000 -4,133,000 1,932,000 -563,000 187,000 -964,000 -1,320,000 310,000 50,000 522,000 2,670,000 1,695,000 2,112,000 -630,000             
          net cash from operating activities
        		270,229,000 343,244,000 240,306,000 293,375,000 252,492,000 292,413,000 270,400,000 252,085,000 257,872,000 262,996,000 253,260,000 251,933,000 241,183,000 220,660,000 241,004,000 225,280,000 233,182,000 187,794,000 213,413,000 197,363,000 205,208,000 117,546,000 80,818,000 30,928,000 198,785,000 166,616,000 219,605,000 142,658,000 221,423,000 136,215,000 212,596,000 119,866,000 185,756,000 109,607,000 196,864,000 107,551,000 184,689,000 108,925,000 195,103,000 106,484,000 103,858,000 52,863,000 104,756,000 61,310,000 100,759,000 52,252,000 94,786,000 46,494,000 79,727,000 
          capital expenditures
        		0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 
          free cash flows
        		270,229,000 343,244,000 240,306,000 293,375,000 252,492,000 292,413,000 270,400,000 252,085,000 257,872,000 262,996,000 253,260,000 251,933,000 241,183,000 220,660,000 241,004,000 225,280,000 233,182,000 187,794,000 213,413,000 197,363,000 205,208,000 117,546,000 80,818,000 30,928,000 198,785,000 166,616,000 219,605,000 142,658,000 221,423,000 136,215,000 212,596,000 119,866,000 185,756,000 109,607,000 196,864,000 107,551,000 184,689,000 108,925,000 195,103,000 106,484,000 103,858,000 52,863,000 104,756,000 61,310,000 100,759,000 52,252,000 94,786,000 46,494,000 79,727,000 
          investing activities
        		                                                 
          capital project and maintenance expenditures
        		-111,478,000 -246,992,000                                                
          proceeds from sales of property, net of costs
        		  0 0 125,000                                             
          acquisition of real estate
        		-688,004,000  -130,000,000    -235,771,000    -36,547,000 -6,685,000 -412,324,000                                 0    
          originations of real estate loans
        		-54,057,000  -13,517,000 -7,460,000 -3,209,000 -1,430,000 -70,730,000 -39,000,000 -14,000,000 0                                        
          maturities of held to maturity investment securities
        		 0 0 0 549,995,000 0                                            
          net cash from investing activities
        		-853,539,000 -642,239,000 -166,870,000 -33,651,000 534,004,000 -428,797,000 -572,390,000 -156,356,000 -448,401,000 -15,533,000 -189,415,000 -23,801,000 -422,076,000 -7,529,000 -57,883,000 -157,659,000 -131,417,000 -572,997,000 31,991,000 -488,784,000 -1,044,000 -7,873,000 -480,000 -488,000 -646,000 -771,000 -689,000 -1,009,000 -348,000 -1,531,645,000 -5,607,000 10,081,000 17,387,000 17,642,000 18,661,000 -57,698,000 22,093,000 16,251,000 -307,745,000 -2,928,265,000 1,143,000 -65,000 -2,736,000 -5,257,000 -6,084,000 -15,113,000    
          financing activities
        		                                                 
          dividends paid
        		-221,068,000 -220,938,000 -220,940,000 -220,933,000 -209,061,000 -208,776,000 -208,779,000 -206,583,000 -206,578,000 -197,582,000 -192,307,000 -189,313,000 -254,778,000 -183,987,000 -181,751,000 -174,724,000 -230,396,000 -165,739,000 -159,603,000 -157,063,000 -151,496,000 -27,645,000 -26,212,000 -25,869,000 -150,796,000 -150,506,000 -146,208,000 -146,212,000 -146,202,000 -145,833,000 -135,065,000 -134,820,000 -134,717,000 -134,160,000 -134,139,000 -131,770,000 -129,301,000 -124,713,000 -124,517,000 -113,452,000 -65,670,000 -63,262,000 -62,948,000 -62,871,000 -62,651,000     
          non-controlling interest distributions
        		-6,856,000 -6,493,000 -6,492,000 -6,508,000 -6,341,000 -6,147,000 -6,145,000 -6,147,000 -6,147,000 -5,587,000 -5,587,000 -5,509,000 -7,424,000 -5,194,000 -5,193,000                                   
          taxes paid related to shares withheld for tax purposes on restricted stock award vestings
        		-6,262,000  -15,000 -1,000 -14,805,000  -16,000 1,000 -14,711,000  -2,000 0 -13,440,000  -61,000 1,000 -11,866,000  -81,000 0 -9,756,000  -2,706,000                           
          proceeds from issuance of common stock
        		-120,000 -110,000 -135,000   -4,000 139,204,000 0 9,016,000 179,742,000 210,787,000 14,355,000 64,329,000 156,158,000    409,262,000 182,848,000                               
          proceeds from issuance of long-term debt
        		2,156,856,000 0         10,000,000 15,000,000 660,000,000 0 0       0 207,648,000 694,135,000 1,174,600,000 46,000,000 1,157,853,000 93,000,000 62,000,000 486,000,000 1,107,405,000   0 0   50,000,000 165,000,000       63,950,000 20,000,000 25,992,000 182,008,000 
          financing costs
        		-9,141,000  -12,449,000 0 8,000      0 0 -1,000 -17,000 -4,475,000 -7,384,000 -31,000     0 -2,162,000   -24,000 -9,769,000 0 -236,000 -1,537,000 -11,144,000       -3,000 0 -31,199,000 -709,000 -2,812,000    0    
          repayments of long-term debt
        		-1,279,900,000 -865,000 -975,068,000 -30,000 -850,054,000 -40,000 -400,039,000 -39,000 -63,501,000 -10,038,000 -15,037,000 -60,037,000 -500,037,000 -36,000 -394,036,000 -454,054,000 -422,927,000  -34,000 -34,000 -33,000 -34,000 -225,012,000 -1,174,632,000 -661,206,000 -60,031,000 -1,200,857,000 -94,031,000 -123,030,000 -84,030,000 -156,486,000 -878,572,000 -45,029,000 -10,029,000 -75,028,000 -155,028,000 -95,027,000  -20,025,000           
          net cash from financing activities
        		633,509,000 -228,406,000 74,115,000 175,565,000 -1,080,253,000   -212,768,000 -281,921,000 355,371,000 7,854,000 -225,504,000 -51,368,000  -130,381,000 -217,355,000 -670,340,000 668,093,000 23,130,000 -86,774,000 -161,380,000 293,015,000   334,583,000 -164,578,000 -218,099,000 -147,244,000 -216,524,000 258,439,000 811,313,000 -30,895,000 -186,777,000 -141,829,000 -201,401,000 -43,704,000 -219,977,000 -113,979,000 114,262,000 2,783,959,000 -85,315,000 -53,663,000 -90,339,000 -70,361,000 -85,281,000 -32,500,000    
          net decrease in cash and cash equivalents
        		50,199,000   435,289,000 -293,757,000  399,641,000 -117,039,000 -472,450,000  71,699,000 2,628,000 -232,261,000  52,740,000                                   
          cash and cash equivalents at beginning of period
        		224,314,000 0 0 0 462,632,000 0 0 0 683,983,000 0 0 0 239,083,000 0 0 0 724,595,000 0 0 0 486,451,000 0 0 0 26,823,000 0 0 0 25,783,000 0 0 0 29,054,000 0 0 0 36,556,000 0 0 0 41,875,000 0 0 0 35,973,000 0    
          cash and cash equivalents at end of period
        		274,513,000 -527,401,000 147,551,000 435,289,000 168,875,000 -31,503,000 399,641,000 -117,039,000 211,533,000 602,834,000 71,699,000 2,628,000 6,822,000 180,057,000 52,740,000 -149,734,000 156,020,000 301,371,000 275,630,000 -373,146,000 520,740,000 380,557,000 31,844,000 -485,495,000 559,545,000 1,267,000 817,000 -5,595,000 30,334,000 -1,136,991,000 1,018,302,000 99,052,000 45,420,000 -14,580,000 14,124,000 6,149,000 23,361,000 11,197,000 1,620,000 -37,822,000 61,561,000 -865,000 11,681,000 -14,308,000 45,367,000 4,639,000    
          gains on dispositions of property
        		                                                 
          straight line rent and deferred rent adjustments
        		                                                 
          losses on debt extinguishment
        		 0         0 0 556,000         0 779,000 5,000 17,329,000 0    0 0                   
          proceeds from interest rate swap termination
        		                                                 
          accounts payable, accrued expenses , accrued salary and wages
        		                                                 
          proceeds from sale of property
        		                                                 
          return of contingent consideration from previous acquisition
        		     0 0                                           
          acquisition of real estate assets and deposit payments
        		                                                 
          fundings under the tropicana las vegas lease
        		                                                 
          originations of real estate loans, net of origination discount
        		                                                 
          investment in leases, financing receivables
        		     0 0 -110,163,000 -93,323,000 0    0 0 0 -129,047,000                                 
          acquisition of held to maturity investment securities
        		     0 -549,995,000 0 -340,975,000                                         
          taxes paid related to shares withheld for taxes on stock award vestings
        		                                                 
          financing costs and costs paid to redeem senior unsecured notes
        		                                                 
          net increase in cash and cash equivalents
        		 -527,401,000               -568,575,000 301,371,000 275,630,000 -373,146,000 34,289,000  31,844,000 -485,495,000 532,722,000 1,267,000 817,000 -5,595,000 4,551,000  1,018,302,000 99,052,000 16,366,000 -14,580,000   -13,195,000 11,197,000   19,686,000 -865,000   9,394,000     
          amortization of gain on cash flow hedges
        		                                                 
          accretion on financing receivables
        		  -6,991,000 -6,866,000 -6,896,000  -7,093,000 -6,776,000 -7,884,000  -5,813,000 -5,549,000 -5,444,000  -5,238,000 -5,140,000 -3,725,000                                 
          proceeds from swap termination
        		                                                 
          fundings for the tropicana las vegas lease
        		                                                 
          premium and related costs paid on debt extinguishment
        		                                                 
          amortization of debt issuance costs, bond premiums and original issuance discounts
        		   3,227,000 3,232,000  2,803,000 2,685,000 2,684,000  2,406,000 2,405,000 2,501,000  2,348,000 2,479,000 2,771,000  2,469,000 2,470,000 2,470,000  2,669,000 2,593,000 2,770,000 2,858,000 2,807,000 2,899,000 2,891,000 2,889,000                    
          (increase), decrease
        		                                                 
          increase,
        		                                                 
          capital project expenditures
        		   -21,070,000 -12,871,000   -7,051,000 -13,000 -7,836,000 -12,674,000 -17,116,000 -9,744,000 -7,472,000 -6,475,000 -7,512,000 -2,406,000 -12,316,000 -490,000 -514,000 -606,000         0 -6,000   0 -10,000 -60,000 -8,000             
          capital maintenance expenditures
        		   -121,000 -36,000   -462,000 -90,000   0 -8,000 -57,000 -66,000 -21,000 -15,000 -615,000 -303,000 -914,000 -438,000 -1,501,000 -488,000 -495,000 -646,000 -761,000 -709,000 -1,017,000 -530,000 -1,330,000 -970,000 -1,162,000 -822,000 -991,000 -460,000 -1,245,000 -482,000 -1,418,000 -496,000 -835,000 -362,000 -845,000 -382,000 -775,000 -951,000 -1,429,000    
          amortization of debt issuance costs, premiums and discounts
        		                                                 
          accretion on financing receivables and adjustments to lease liabilities
        		                                                 
          net accretion on held to maturity investment securities
        		     -6,726,000                                            
          impairment charges and losses on debt extinguishment
        		                                                 
          accounts payable, accrued expenses, accrued salaries and wages
        		                                                 
          proceeds from assets held for sale
        		                                                 
          proceeds from issuance of long-term debt, net of senior note discounts
        		                                                 
          financing costs and costs paid on tender of senior unsecured notes
        		                                                 
          deferred rent and tenant improvement amortization
        		                                                 
          net cash from (used) in financing activities
        		                                                 
          straight-line rent adjustments and tenant improvement amortization
        		       -15,790,000 -15,790,000                                         
          costs paid on senior unsecured note redemption
        		          0 0 -17,000                                     
          deferred income taxes
        		                 7,731,000 -2,486,000 -107,000 188,000 535,000 934,000 -1,056,000 38,000 -227,000 -62,000 -218,000 -248,000 -223,000 -182,000 -281,000 164,000 1,385,000 -666,000 -538,000 -742,000 -538,000 -173,000 -745,000 -79,000 1,366,000 -642,000 -1,151,000 -386,000 -160,000    
          straight-line rent adjustments
        		         -13,436,000 -8,942,000 -8,751,000 -8,752,000 -2,772,000 -3,045,000 3,066,000 -1,543,000 -1,449,000 -888,000 -828,000 -828,000 -818,000 -4,928,000 1,678,000 8,644,000 8,644,000 8,643,000 8,643,000 8,644,000 12,738,000 15,917,000 16,616,000 16,617,000 16,616,000 16,617,000 16,493,000 16,245,000 16,244,000 14,517,000 13,956,000 13,956,000 13,956,000        
          decrease,
        		                                                 
          (decrease), increase
        		                                                 
          dividend and accounts payable, accrued salaries, wages and expenses
        		                                                 
          proceeds from assets held for sale and property and equipment, net of costs
        		                                                 
          proceeds from sale of operations, net of transaction costs
        		                 28,186,000                                
          loan loss recovery
        		                                                 
          net increase in cash and cash equivalents, including cash classified within assets held for sale
        		                -568,575,000 282,890,000 268,534,000 -378,195,000 42,784,000                             
          decrease in cash classified within assets held for sale
        		                                                 
          impairment charge
        		                                                 
          impairment charge on land
        		                                                 
          losses on dispositions of property
        		                     -41,390,000 4,000 -8,000 1,000 42,000 37,000 6,000 7,000 -45,000 129,000   15,000 421,000 -11,000 105,000 5,000 -445,000 0 -15,000 96,000 22,000 66,000 1,000     
          deferred rent recognized
        		                                                 
          net cash (used in) provided by financing activities
        		                                                 
          losses from dispositions of property
        		              -67,430,000                                   
          impairment charge and losses on debt extinguishment
        		                                                 
          acquisition of real estate and deposit payments
        		                                                 
          net decrease in cash and cash equivalents, including cash classified within assets held for sale
        		              52,740,000                                   
          less net change in cash classified within assets held for sale
        		                  -7,096,000 -5,049,000 8,495,000                             
          proceeds from sales of property
        		               0 51,000                                 
          (costs) proceeds from issuance of common stock
        		               0 -37,000    -95,000                             
          (gains) or losses from dispositions of property
        		                -51,000                                 
          noncontrolling interest distributions
        		                -5,083,000                                 
          amortization of debt issuance costs, bond premiums and discounts
        		                                                 
          losses on dispositions
        		                 -7,029,000                                
          dividend payable, accounts payable and accrued expenses
        		                                                 
          gaming, property and other taxes, other liabilities and income taxes
        		                                                 
          proceeds from sale of property and equipment
        		                 -9,000 2,003,000   0 8,000   -10,000 20,000 8,000 182,000 65,000 2,919,000   20,000 903,000   3,000 897,000 1,000 233,000 193,000 20,000 92,000 5,000 21,000 153,000   
          acquisition of real estate assets
        		                 0 -26,000           -1,227,914,000    0 -386,000   -869,000 -326,633,000           
          investment in leases - financing receivable
        		                                                 
          taxes paid for shares withheld on restricted stock award vestings
        		                                                 
          repayments of long-term debt and related costs
        		                                                 
          deferred revenue recognized
        		                      -141,718,000                           
          prepaid expenses and other assets
        		                  3,713,000 396,000 2,907,000 -7,991,000 -571,000 -4,533,000 6,467,000 -3,947,000 189,000 1,034,000 -3,346,000 101,000   -1,001,000 -3,828,000 -841,000 407,000 -1,070,000             
          gaming, property and other taxes
        		                  -49,000 -216,000 868,000  -863,000 822,000 -134,000 -167,000 145,000 -374,000 276,000 -407,000 377,000 -141,000 22,000 -286,000 342,000 -1,386,000 813,000 73,000 284,000 757,000 -201,000 -269,000 302,000       
          income taxes
        		                  885,000 -1,918,000 1,880,000  -240,000      648,000    199,000    2,938,000       -1,343,000 1,572,000 2,059,000    
          premium and related costs paid on retirement of certain senior unsecured notes
        		                                                 
          accounts payable
        		                    -128,000  -282,000 785,000 -667,000 840,000 -5,000 -531,000 -1,809,000 660,000 1,390,000 -29,000 -225,000 280,000 3,000 -523,000 -181,000 449,000 302,000 -290,000 45,000 -962,000 681,000 680,000 -1,345,000 -170,000 -9,663,000 8,140,000 43,000 
          accrued expenses
        		                    735,000  -187,000 -1,285,000 1,556,000 -1,050,000 -525,000 784,000 521,000 -610,000 327,000 -46,000 203,000 374,000 -800,000 619,000 218,000 -549,000 -485,000 -2,651,000 -987,000 607,000 -133,000 3,352,000 415,000 -860,000    
          premium and related costs paid on tender of senior unsecured notes
        		                     0 0 -5,000 -15,742,000 0    0 0                   
          loan and goodwill impairment charges
        		                                                 
          gaming, property and other taxes and other liabilities
        		                                                 
          collections of principal payments on investment in direct financing lease
        		                             1,218,000 8,002,000 11,030,000 18,209,000 18,613,000 18,614,000 18,232,000 17,613,000 18,004,000 18,004,000           
          less decrease in cash classified within assets held for sale
        		                                                 
          net increase/decrease in cash and cash equivalents
        		                                                 
          loan impairment charges
        		                         0 0 0 13,000,000                     
          proceeds from issuance of stock from atm program net of offering costs
        		                      -50,000                           
          net cash from financing activity
        		                                                 
          taxes paid related to shares withheld for tax purposes on restricted stock award vestings, net of proceeds from exercise of options
        		                        -12,583,000 -1,000 0 -1,000 -9,056,000   4,126,000 -7,031,000                 
          proceeds from issuance of stock from atm program offering costs
        		                        310,000                         
          goodwill impairment charges
        		                                                 
          principal payments on loan receivable
        		                                 0 0 0 13,200,000 538,000 537,000 538,000 1,537,000 3,037,000 538,000 537,000 538,000 1,000,000 1,000,000 5,000,000 2,000,000 
          atm program offering costs and proceeds from issuance of common stock
        		                                                 
          paid-in-kind interest income
        		                                                 
          atm program offering costs
        		                                                 
          originations of mortgage loans receivable
        		                                                 
          proceeds from exercise of options, net of taxes paid related to shares withheld for tax purposes on restricted stock award vestings
        		                             3,839,000    2,360,000 7,732,000 3,609,000 4,456,000             
          proceeds from issuance of common stock, net of issuance costs
        		                                 0 34,000   -121,000 45,733,000           
          amortization of debt issuance costs
        		                               3,039,000 3,257,000 3,256,000 3,257,000 3,256,000 3,257,000 3,257,000 3,257,000 3,050,000 5,582,000 6,286,000 3,691,000 2,019,000 2,020,000 2,019,000 2,020,000 2,011,000 2,007,000 
          prepaid expenses, loan receivable and other assets
        		                                                 
          deposit for pending acquisition of real estate assets
        		                                    -8,230,000             
          costs related to continuous equity offering
        		                                    -105,000             
          capital project expenditures, net of reimbursements
        		                                     -7,000 -54,000 -4,000 -265,000 -2,450,000 -2,949,000 -5,110,000 -5,640,000 -14,705,000    
          funding of loan receivable
        		                                             0    
          proceeds from exercise of options
        		                                     10,886,000 48,071,000 31,438,000 23,089,000 12,436,000 4,322,000 2,534,000 10,394,000 9,635,000 2,833,000 4,142,000 13,321,000 
          payments of long-term debt
        		                                        -42,025,000 -25,000 -25,025,000 -10,024,000 -33,024,000 -24,000    
          distribution in connection with 2013 pre-spin tax matter agreement
        		                                                 
          prepaid expenses and other current assets
        		                                      14,798,000 -8,054,000 3,849,000 -8,682,000 -4,416,000 2,552,000 838,000 -2,926,000    
          other current and non-current liabilities
        		                                      390,000 0 703,000         
          other investing activities
        		                                           -1,000 -36,000     
          depreciation
        		                                        27,083,000 27,198,000 27,557,000 27,617,000 27,411,000 27,446,000 26,526,000 26,349,000 26,522,000 
          other current and noncurrent liabilities
        		                                         2,213,000 -976,000 213,000 449,000 519,000 -72,000 756,000 1,674,000 
          net advances to penn national gaming, inc.
        		                                                 
          cash contributions to penn national gaming, inc. in connection with spin-off
        		                                                 
          gaming, pari-mutuel, property and other taxes
        		                                            -406,000 -75,000 -7,368,000 2,995,000 4,975,000 
          increase in cash escrow
        		                                                 
          dividends paid, including the purging distribution
        		                                                 
          losses on sales of property
        		                                              -146,000 1,000 158,000 
          charge for stock-based compensation
        		                                              3,536,000 3,136,000 1,951,000 
          adjustments to reconcile net income to net cash provided by operating activities:
        		                                                 
          cash and cash equivalents at beginning of year
        		                                               0 285,221,000 
          cash and cash equivalents at end of year
        		                                               -6,599,000 48,278,000 
          increase in cash in escrow
        		                                                 
          gain on sale of fixed assets
        		                                                 
          accounts receivable
        		                                                 
          other current liabilities
        		                                                 
          expenditures for property and equipment, net of reimbursements
        		                                                 
          cash distributions to penn national gaming, inc.