Company Overview

September 2023

Confidential - For Discussion & General Information Purposes Only

Forward Looking Statements

Certain statements contained in this presentation may constitute "forward-looking statements" within the meaning of the safe harbor from civil liability provided for such statements by the Private Securities Litigation Reform Act of 1995 (set forth in Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements include information concerning the Company's business strategy, access to capital markets, plans, goals and objectives. Forward-looking statements contained in this presentation include, but are not limited to, information concerning pending transactions; and the impact of pending transactions on the Company's business and results of operations. Statements preceded by, followed by or that otherwise include the words "believes," "expects," "anticipates," "intends," "projects," "estimates," "plans," "may increase," "may fluctuate" and similar expressions or future or conditional verbs such as "will," "should," "would," "may" and "could" are generally forward-looking in nature and not historical facts. You should understand that the following important factors could affect future results and could cause actual results to differ materially from those expressed in such forward-looking statements: (i) the Company's ability to successfully consummate pending transactions, including the ability of the parties to satisfy various closing conditions, receipt of required regulatory approvals (on the terms agreed upon between the parties), or other delays or impediments to completion; (ii) the effect of pandemics, such as the COVID-19 pandemic, and other health crises on the Company as a result of the impact such pandemics or health crises may have on the business operations of the Company's tenants and their continued ability to pay rent in a timely manner or at all; (iii) the potential negative impact of recent high levels of inflation on the Company's tenants' operations; (iv) the Company's ability to participate in its tenants' growth and expansion initiatives; (v) the availability of and the ability to identify suitable and attractive acquisition and development opportunities, and the ability to acquire and lease those properties on favorable terms; (vi) the ability to receive, or delays in obtaining, the regulatory approvals required to own and/or operate its properties, or other delays or impediments to completing acquisitions or projects; (vii) the Company's ability to maintain its status as a real estate investment trust ("REIT"); (viii) the ability to access capital through debt and equity markets in amounts and at rates and costs acceptable to the Company; (ix) the impact of the Company's substantial indebtedness on its future operations; (x) changes in the U.S. tax law and other state, federal or local laws, whether or not specific to REITs or to the gaming or lodging industries; and (xi) other factors described in the Company's Annual Report on Form

10-K for the year ended December 31, 2022, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, each as filed with the Securities and Exchange Commission.

Other unknown or unpredictable factors may also cause actual results to differ materially from those projected by the forward-looking statements. Most of these factors are difficult to anticipate and are generally beyond the Company's control. Given these uncertainties, you should not place undue reliance on these forward-looking statements. You should consider the areas of risk described above in connection with considering any forward-looking statements that may be made by the Company generally and any forward-looking statements that are contained in this presentation specifically. The Company undertakes no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events unless required to do so by law.


Gaming & Leisure Properties, Inc. Overview

GLPI is a REIT that owns the Largest Geographically Diversified Portfolio of High-Quality Regional Gaming Assets

Fast Facts 1




  • Total Enterprise Value: $19.1 Billion
  • GLPI is the most geographically diversified owner of gaming assets in the country, with the largest number of assets owned




Property Sq.

Acres Owned or

Hotel Rooms



  • Collected 100% of rents during COVID
  • Approximately 88% of GLPI's rent comes from premier publicly traded gaming companies PENN, BYD, CZR, and BALY1

High-Quality, Nationwide Portfolio of Premier Gaming Assets

Sources: Company Filings, Earnings Releases, and CoStar. Market data as of 9/7/23. 1. Represents GLPI's owned property metrics as of 9/7/23 inclusive of the Hard Rock Rockford ground lease


High Quality Real Estate Portfolio

The quality and relevance of our portfolio is demonstrated by the solid property performance of our market leading properties:

  1. Ameristar Bally's Black Hawk North, East, and West1 #1 Casino in Colorado


Ameristar Kansas City #1 Casino in Kansas City


Ameristar St. Charles #1 Casino in St. Louis


Hollywood Casino


#1 Casino in Toledo


Hollywood Casino


#1 Casino in Columbus

  1. Hollywood Casino at
    Charles Town

#1 Casino in WV

  1. Ameristar Vicksburg 1 #1 Casino in Central Mississippi
  1. Bally's Tiverton Casino &




#1#1 #1


#1 H










  1. Hollywood Casino at
    Penn National Race Course
    #1 Casino in Central PA
  1. L'Auberge Baton Rouge #1 Casino in Baton Rouge

Denotes recent RI acquisition

Denotes #2 ranked casino in respective market

Denotes a property with no competitor within 60 minutes

Sources: Company filings, Earnings Releases and State gaming commissions. Note: Based on 2022 annual gaming revenues as reported by each respective gaming

commission. Market is defined as a 60-minute drive time. Number of gaming positions is used to rank properties in states that do not report property level gaming revenue


(MS, NV, CO, NM). 1. Gaming revenue is not reported by property in these states.

Strength & Durability Through Diversification

Diversification across states / licensing jurisdictions is a key factor in ensuring our cash flow's durability. Our diverse footprint across 18 states is by design

PENN Operated Casino

Casino Queen

BYD Operated Casino

CZR Operated Casino

BALY Operated Casino

Cordish Casino

Hard Rock Rockford 1

Sources: Company Filings and Earnings Releases. 1. Includes GLPI's Q3 2023 origination of a ground lease at the Hard Rock Rockford Casino.



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Gaming and Leisure Properties Inc. published this content on 18 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 September 2023 16:54:00 UTC.