Gaming & Leisure Properties - M&A Summary and Business Overview

Real EstateCompany

Gaming & Leisure Properties M&A Summary

Gaming & Leisure Properties has acquired 7 companies, including 5 in the last 5 years. It has also divested 2 assets.

Gaming & Leisure Properties’ largest acquisition to date was in 2020, when it acquired Tropicana Evansville for $480M. It’s largest disclosed sale occurred in 2021, when it sold Tropicana Las Vegas to Bally s for $308M. Gaming & Leisure Properties has acquired in 6 different US states. The Company’s most targeted sectors include leisure (72%) and gaming (15%).

Gaming & Leisure Properties Business Overview

Where is Gaming & Leisure Properties headquartered?

Gaming & Leisure Properties is headquartered in Wyomissing, Pennsylvania.

What is Gaming & Leisure Properties’ revenue?

Gaming & Leisure Properties disclosed revenue of 1,440M USD for 2023 and 1,312M USD for 2022.

How many employees does Gaming & Leisure Properties have?

Gaming & Leisure Properties has 18 employees.

What sector is Gaming & Leisure Properties in?

Gaming & Leisure Properties is a real estate company.

M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity7
    • M&A Sell Activity2
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 4
  • M&A Advisors 1

Gaming & Leisure Properties

Gaming and Leisure Properties, Inc.

845 Berkshire Boulevard Suite 200,
Wyomissing, Pennsylvania 19610
United States,
(610) 401-2900
www.glpropinc.com

Gaming & Leisure Properties is a real estate company. 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 business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties. Gaming & Leisure Properties is based in Wyomissing, Pennsylvania.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.0/yr) # 2 3 - 2 - - 7
vol $440M $1.1B $1.6B
Sell (0.4/yr) # - 1 1 - - - 2
vol $31M $308M $339M
  9

Most Recent M&A

Company Date Value Type
Bally's Twin River Lincoln Casino Resort 2022-06-28 - Divestiture
Lincoln, Rhode Island
Bally's Tiverton Casino & Hotel 2022-06-28 - Divestiture
Tiverton, Rhode Island
Tropicana Las Vegas, Inc. 2021-04-13 308M USD Divestiture
Las Vegas, Nevada · www.troplv.com
Hollywood Casino Perryville 2020-12-01 31M USD Divestiture
Perryville, Maryland · www.hollywoodcasinoperryville.com
Dover Downs Hotel & Casino 2020-10-27 340M USD Divestiture
Dover, Delaware · www.doverdowns.com
Tropicana Evansville 2020-10-27 480M USD Divestiture
Evansville, Indiana · www.tropevansville.com
Tropicana Las Vegas, Inc. 2020-04-16 308M USD Divestiture
Las Vegas, Nevada · www.troplv.com
Pinnacle Entertainment, Inc. - Real Estate Assets 2016-04-28 - Divestiture
, United States
The Meadows Racetrack and Casino 2015-12-16 440M USD Divestiture
Washington, Pennsylvania · www.meadowsgaming.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
The Meadows Racetrack and Casino 2015-12-16 The Meadows Racetrack and Casino - Gaming Licenses & Operating Assets 2016-03-29 1
Washington, Pennsylvania · www.meadowsgaming.com Washington, Pennsylvania

M&A by Sector

Sector Buy # Value Sell # Value
Leisure 5 (71%) 1.1B (72%) 2 (100%) 339M (100%)
Gaming 1 (14%) 440M (28%) - -
Real Estate 1 (14%) - - -
Total 7 $1.6B 2 $339M

By Geo

State/Country Buy Value Sell Value
United States 7 1.6B 2 339M
  Rhode Island 2 - - -
  Nevada 1 308M 1 308M
  Indiana 1 480M - -
  Delaware 1 340M - -
  Pennsylvania 1 440M - -
  Maryland - - 1 31M
Total 7 $1.6B 2 $339M

Top M&A Advisors

Legal Deals
Goodwin Procter
 1

Deal Values

buy # Total
$100M to $1B 4 $1.6B
TOTAL $1.6B
Largest Tropicana Evansville
$480M (2020-10-27)
sell # Total
$100M to $1B 1 $308M
< $100M 1 $31M
TOTAL $339M
Largest Tropicana Las Vegas, Inc.
$308M (2021-04-13)

M&A Connections

Deals
Acquired from
Strategic(s)
100%
7 (100%)
Divested to
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Real Estate

Revenue

1,440   10% 2023
1,312   8% 2022
1,216   6% 2021
1,153   0% 2020
1,153   10% 2019
1,056   9% 2018
971   18% 2017
828   44% 2016
575   10% 2015
636   171% 2014
235   2013
(millions of USD) Show More Show Less

Employees

18

Public

NASDAQ: GLPI

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