Gaming and Leisure Properties is the nation’s first real estate investment trust focused on acquiring real property assets leased to gaming operators.
Our portfolio of 59 premier gaming assets is geographically diversified across 18 states. Our tenants include Penn Entertainment, Caesars Entertainment, Boyd Gaming Corporation, Casino Queen, Bally’s, and Cordish Companies.
Through innovation and a proven management team that pioneered the gaming REIT space, we have leveraged a wealth of industry knowledge to deliver consistent year-over-year total shareholder return while enhancing the strength and stability of our diversified portfolio of premier gaming assets.
We expect to grow our portfolio by pursuing opportunities to acquire additional gaming facilities to lease to gaming operators through triple-net lease arrangements. We also anticipate diversifying our portfolio over time by acquiring properties outside the gaming industry. The expertise and industry knowledge of our management team will allow us to secure additional avenues for growth beyond the gaming industry and allow us to pursue other acquisitions that may prove complementary to our existing assets.
Our Corporate Governance
Gaming and Leisure Properties has a best in class management team that positions the Company for continued growth as a gaming-focused real estate investment trust and diversification beyond the gaming space. Our management team possesses decades of experience and a wealth of industry knowledge and insight, as well as the creativity to deliver continued innovation and growth.
Peter M. Carlino
Chairman of the Board and
Chief Executive Officer
Brandon J. Moore
Chief Operating Officer,
General Counsel and Secretary
Desiree A. Burke
Chief Financial Officer and Treasurer
Steven L. Ladany
Sr. Vice President,
Chief Development Officer
Sr. Vice President,
Chief Investment Officer
The Board of Directors of Gaming and Leisure Properties is comprised of experienced professionals with diverse skillsets that possess integrity, dedication, competence and insight to effectively and responsibly oversee our management team.
Peter M. Carlino
Chairman and Chief Executive Officer
JoAnne A. Epps
Acting President of Temple University
Carol “Lili” Lynton
Co-Founder and Operating Partner, The Dinex Group
Joseph W. Marshall, III
Vice Chairman, Stevens & Lee, LLP
James B. Perry
Former Chairman and Chief Executive Officer, Isle of Capri Casinos
Barry F. Schwartz
Vice Chairman Emeritus, MacAndrews & Forbes Incorporated
Earl C. Shanks
Retired CFO, Essendant, Inc.
E. Scott Urdang
Retired CEO and Chairman, Urdang Capital Management
We believe that environmental and community stewardship is an integral component of growing shareholder value. We are committed to fostering a corporate culture that encourages and seeks the betterment of GLPI and the communities in which we operate or conduct business. With this in mind, we endeavor to integrate environmental, social and governance (ESG) practices that create long-term economic value for our shareholders, employees and other constituents.
We strive to maintain a corporate environment that fosters a sense of community and well-being and that encourages our employees to focus on their long-term success along with the long-term success of the Company.
Corporate Culture and Employee Engagement Highlights
- Our corporate environment fosters a sense of community and well-being.
- Senior level management conducts “town-hall” style meetings with corporate employees to address topics such as business operations, strategy, and market conditions.
- We encourage an open feedback culture.
- We are passionate about developing and growing our talent. For example, our Leadership Academy cultivates management and leadership skills to empower our employees to succeed in their careers.
- We provide tuition reimbursement, professional development reimbursement and internal growth and advancement opportunities.
- We offer resources to our employees to encourage healthy habits, such as tobacco cessation and health coaches for those employees with certain chronic conditions including, but not limited to, diabetes and asthma.
- We are focused on cultivating a diverse and inclusive culture where our employees can freely bring diverse perspectives and varied experiences to work.
- We implemented an Inclusive Workplace Policy to foster inclusivity and acceptance throughout our organization. Enabling our employees to perform at their best while being themselves is fundamental to our continued success.
- We seek to hire and retain highly talented employees and empower those employees to create value for our shareholders. In our employee recruitment and selection process and operation of our business, we adhere to equal opportunity employment policies and provide training on diversity and inclusion.
- As of December 31, 2021, 59% of our workforce is female and 41% is male, with our Board of Directors being 25% female.
- We participate in educational and recruitment outreach programs including local college and university job fairs, veteran career expos, on-site open house recruitment and internship opportunities.
- Our Responsible Gaming Policy facilitates employee and customer awareness on responsible gaming.
- We take an active role in supporting the communities in which we operate by partnering with local and national organizations to administer charitable contributions, provide community service and organize the donation of goods to assist local families in need. Through our non-profit partnerships, we partner with organizations such as Habitat for Humanity to build and improve places for families to call home, the Salvation Army, through its Angel Tree program, and the United States Marine Corps Reserve, through its Toys for Tots program, to provide new clothing and toys to children during the holidays and Ray of Hope to facilitate the donation of new or gently used coats.
We promote sustainable practices and environmental stewardship throughout the organization, with a particular emphasis on energy efficiency, recycling, water conservation, indoor environmental quality and environmental awareness.
Sustainability Highlights at our Corporate Headquarters and Owned Properties
Our focus on sustainable environmental practices is demonstrated by how we manage and operate these buildings and plan for the future, including, for example:
- We promote environmental and energy efficiency awareness at our corporate headquarters and encourage practices such as powering down office equipment at the end of the day and recycling paper waste.
- Energy efficient and LED lighting and motion sensors are installed at our owned properties to conserve energy and reduce costs.
- We partner with third party environmental consulting firms focused on helping clients improve their energy efficiency to develop programs to reduce energy consumption and environmental footprints.
- A sophisticated rain water management system is installed at our corporate HQ to help reduce flooding and pollutants in water run-off.
- Our Corporate Headquarters and owned properties are smoke free environments.
Sustainability Highlights at our Tenants’ Properties
The remaining properties in our portfolio are leased to gaming operators in triple-net lease arrangements, meaning each gaming operator is ultimately responsible for maintaining the buildings, including controlling their energy usage and the implementation of environmentally sustainable practices. We are committed to promoting awareness, influencing and engaging with our tenants where possible, regarding sustainability practices and environmentally beneficial energy solutions. As such, many of our tenants have implemented similar efficiency and conservation measures in recent capital expenditure projects, including:
- Cost-saving indoor and outdoor LED lighting retrofits
- Installation of guest room occupancy-based thermostats
- Building management systems upgrades
- Installation of electronic vehicle charging stations
Our Board of Directors is collectively responsible for the leadership, management and long-term success of the Company. Our Board strives to maintain a governance environment where the interests of all stakeholders, including the impact of our operations on the environment, and the social well-being of our employees, the local community and broader society, are considered in developing policies and making decisions intended to ensure the long-term prosperity of the Company.
The Nominating and Corporate Governance Committee of our Board of Directors is formally responsible for overseeing and reviewing the Company’s strategies, activities, policies and communications regarding sustainability and environmental, social and governance (ESG) related matters and make recommendations to the Board, including reviewing and recommending to the Board for approval, any guidelines, documents or policies, or any changes thereto, that comprise the Company’s ESG framework.
For more information on our Corporate Responsibility commitments, performance and governance, please visit the ESG Tearsheet (new window) page and download a copy of our 2022 Proxy Statement (new window).
Gaming and Leisure Properties partners with best-in-class gaming operators.
Penn Entertainment (“Penn”) operates and leases 34 GLPI Properties.
Penn owns, operates, or has ownership interests in 43 destinations, from casinos to racetracks, a robust loyalty program that reaches over 26 million people, and an innovative online gaming and sports content presence. Penn has grown to become the largest omni-channel provider of entertainment experiences in North America. In 2020, Penn acquired a 36% equity interest in Barstool Sports, Inc., and launched its Barstool Sportsbook & Casino app, allowing it to leverage the Barstool brand and marketing engine to drive meaningful market share. In 2021, Penn acquired Score Media and Gaming, Inc. This purchase helped Penn expand its sports betting market into Ontario, Canada, with theScore Bet app. In addition, Penn operates an interactive gaming division through its subsidiary, Penn Interactive Ventures, LLC, which launched iCasino in Pennsylvania and, through strategic partnerships, operates online sports betting in Indiana, Pennsylvania, and West Virginia.
Penn recognizes that today, more than ever, the investment community, their team members, community partners, and customers expect Penn to serve as an excellent corporate citizen. Penn remains committed to living up to that standard. Penn is dedicated to giving back to its team members, supporting and encouraging diversity, helping the underserved in their communities, promoting responsible gaming, and being reliable stewards of all finite natural resources.
Learn about Penn’s environmental, social, and governance (ESG) efforts here — 2021esgreportdraftpages42322.pdf
For more general information about Penn, visit www.pennentertainment.com.
Bally’s Corporation (“Bally’s”) operates and leases nine GLPI Properties.
Bally’s Corporation is a global casino-entertainment company with a growing omni-channel presence of Online Sports Betting and iGaming offerings. It currently owns and manages 15 casinos across 10 states, a horse racetrack in Colorado and has access to OSB licenses in 18 states. It also owns Bally’s Interactive International, formerly Gamesys Group, a leading, global, online gaming operator, Bally Bet, a first-in-class sports betting platform and Bally Casino, a growing iGaming platform.
With 10,500 employees, Bally’s casino operations include approximately 15,000 slot machines, 600 table games and 5,300 hotel rooms. Upon completing the construction of a temporary casino facility in Chicago, IL and a land-based casino near the Nittany Mall in State College, PA, Bally’s will own and manage 17 casinos across 11 states. Its shares trade on the New York Stock Exchange under the ticker symbol “BALY”.
Bally’s Corporation established many notable accomplishments regarding its long-term Environmental, Social, and Governance (“ESG”) strategy, including establishing an official committee that oversees further development of Bally’s ESG initiatives, and is responsible for continuing to formulate ESG strategies and goals, identify and evaluate ESG risks and impacts, and oversee ESG practices at Bally’s. Additionally, Bally’s completed a Company-wide sustainability audit, which will help shape its long-term ESG strategy, including but not limited to reporting under the UN Social Development Goals framework. Bally’s also committed, as part of its ongoing support for local and national non-profit organizations, to increase funding of the Bally’s Foundation, which donated more than $3 million in 2021 to programs aimed at curing mental health disease.
Learn about Bally’s ESG efforts here — Bally’s Corporation — Making Things Better (ballys.com)
For more general information about Bally’s, visit www.ballys.com.
Boyd Gaming Corporation (“Boyd”) operates and leases four GLPI Properties.
Boyd was founded in 1975 and currently operates 28 gaming properties in ten states — Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. Boyd also manages a tribal casino in northern California. One of the largest and most successful casino entertainment companies in the United States, Boyd prides itself on offering guests an outstanding entertainment experience.
The tenets of Environmental, Social, and Corporate Governance (“ESG”) have long been a central part of Boyd. Boyd follows a philosophy they call Caring the Boyd Way, built upon treating every Boyd stakeholder with respect and honesty and acting with the best interests of their communities in mind.
As part of Boyd’s commitment to the well-being of their communities and future generations, they are working to reduce their energy and water consumption, lower their carbon emissions and reduce the volume of waste sent to landfill.
Additionally, through their economic contributions and extensive support of non-profits across the country, Boyd strives to make its communities better places by focusing on leveraging its procurement operations to create opportunities for diverse businesses.
Learn about Boyd’s ESG efforts here — Boyd Gaming Corporation — Our ESG Philosophy
For more general information about Boyd, visit www.boydgaming.com/about-boyd-gaming.
The Cordish Companies (“Cordish”) operate and lease three GLPI properties.
Cordish’s origins date back to 1910 and encompass four generations of privately-held family ownership. During the past ten decades, Cordish has grown into a global leader with ten major lines of business: Commercial Real Estate, Coworking Spaces, Entertainment Districts, Gaming, Hotels, International Development, Private Equity, Residential, Restaurants, and Sports-Anchored Districts.
As a family-owned and managed business for over a century, Cordish builds projects to prosper for generations. Creating sustainable, inclusive, community-involved developments is their passion. Cordish makes the communities that build and operate better places to live, work, play and visit. Cordish is one of the largest corporate philanthropists in Maryland, consistently outranking larger companies in their annual giving. Additionally, Cordish has been at the forefront of adaptive re-use and rehabilitation of abandoned and blighted spaces for decades. Cordish is a pioneer in taking abandoned locations and transforming them into vibrant urban centers. Cordish has also won national recognition for its award-winning preservation and rehabilitation of historic urban buildings and places, where they work closely with the public sector to preserve important urban landmarks. Cordish’s commitment to energy sustainability ranges from the large (energy-efficient heating and cooling systems for major new developments) to the small (LED light conversion on existing projects). Cordish has also invested in alternative energy projects, from solar energy to green hydro-eclectic power generation.
In gaming, Cordish has developed such award-winning, nationally recognized projects as the Seminole Hard Rock & Hotels in Hollywood and Tampa, Florida; Live! Casino & Hotel Philadelphia; and Live! Casino Pittsburgh.
Cordish Companies, The Cordish Companies, The Cordish Company, Cordish, are trade names for a group of corporations, limited liability companies and partnerships. Each project referenced is owned and operated by a separate, single-purpose legal entity that is solely responsible for its obligations and liabilities. No common operations or financial interdependency are intended to or should be deemed to exist as a result of the common reference to multiple entities under the name “Cordish”, “The Cordish Companies”, “The Cordish Company.” No ownership by The Cordish Companies, The Cordish Company of these properties or projects is expressed or implied.
For more general information about The Cordish Companies, including their sustainability initiatives, visit The Cordish Companies.
The Queen Casino & Entertainment Inc. (“The Queen”) operates and leases three GLPI properties.
The expanding company currently owns and manages four casinos located throughout the country plus two sports betting partnerships. With more than 1,000 Team Members, The Queen’s properties share a common goal of providing limitless entertainment for their guests. This is supported through gaming (table games and slot machines), delectable dining options, luxurious accommodations, and dedicated event spaces.
Learn about The Queen’s community involvement efforts here — Community — The Queen Casino & Entertainment (thequeengaming.com)
Caesars Entertainment, Inc. (Caesars Entertainment) operates and leases six GLPI Properties.
Caesars Entertainment is the largest casino-entertainment company in the U.S. and one of the world’s most diversified casino-entertainment providers.
Since its beginning in Reno, NV, in 1937, Caesars Entertainment has grown through development of new resorts, expansions and acquisitions. Caesars Entertainment’s resorts operate primarily under the Caesars®, Harrah’s®, Horseshoe®, and Eldorado® brand names.
Caesars Entertainment offers diversified gaming, entertainment and hospitality amenities, one-of-a-kind destinations, and a full suite of mobile and online gaming and sports betting experiences.
All tied to its industry-leading Caesars Rewards loyalty program, the company focuses on building value with its guests through a unique combination of impeccable service, operational excellence and technology leadership.
Caesars Entertainment is committed to its Team Members, suppliers, communities and the environment through PEOPLE PLANET PLAY. PEOPLE PLANET PLAY is Caesars Entertainment’s Corporate Social Responsibility framework which provides direction for Caesars to act with integrity and care for its colleagues, communities, and the environment.
Learn about Caesars Entertainment’s ESG efforts here — www.caesars.com/corporate-social-responsibility
For more general information about Caesars Entertainment, visit caesars.com/corporate.
GLPI’s portfolio is geographically diversified demonstrating a real estate investment trust focused on growth and diversification.
*Contains three (3) properties — Bally’s Black Hawk North Casino, Bally’s Black Hawk West Casino, and Bally’s Black Hawk East Casino.
*Contains two (2) properties - Cactus Petes Resort & Casino and Horseshu Hotel & Casino.