Company: GLPI
Filing Date: 2025-05-01
Form Type: S-3ASR
Source: 0001193125-25-110027
Chunk: 4

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-05-01
Form: S-3ASR
Chunk 4
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 LAW AND GLPI’S AMENDED AND RESTATED                   
 ARTICLES OF INCORPORATION AND AMENDED AND RESTATED BYLAWS AND OTHER GOVERNANCE DOCUMENTS |     |      | 22 |
| CERTAIN UNITED STATES FEDERAL INCOME TAX CONSIDERATIONS                                  |     |      | 27 |
| SELLING SECURITY HOLDERS                                                                 |     |      | 55 |
| PLAN OF DISTRIBUTION                                                                     |     |      | 56 |
| LEGAL MATTERS                                                                            |     |      | 61 |
| EXPERTS                                                                                  |     |      | 61 |

CERTAIN DEFINED TERMS Unless the context otherwise requires, or unless otherwise specified, all references in this prospectus to:

| • |     | “GLPI” and the “Company” mean Gaming and Leisure Properties, Inc., a Pennsylvania 
 corporation;                                                                      |

| • |     | “Operating Partnership” and “GLP Capital” mean GLP Capital, L.P., a Pennsylvania limited 
 partnership;                                                                             |

| • |     | “Capital Corp.” mean GLP Financing II, Inc., a Delaware corporation; and |

| • |     | “we”, “us”, “our” and “company” refer to GLPI, together with its                 
 consolidated subsidiaries, including the Operating Partnership and Capital Corp. |

ABOUT THIS PROSPECTUS This prospectus is part of an automatic shelf registration statement that we have filed under the Securities Act of 1933, as amended (the “Securities Act”) with the SEC using a “shelf” registration process. By using a shelf registration statement, GLPI is registering an unspecified amount of common stock, preferred stock, depositary shares and guarantees, and the Operating Partnership and Capital Corp. are registering an unspecified amount of debt securities, and, in each case, may sell such securities from time to time, in one or more offerings. In addition, selling securityholders to be named in a prospectus supplement may sell shares of common stock from time to time. This prospectus provides you with a general description of the securities GLPI, the Operating Partnership, Capital Corp. and any selling securityholders may offer. Each time GLPI, the Operating Partnership, Capital Corp. or any selling securityholder sell securities, GLPI, the Operating Partnership, Capital Corp. or the selling securityholder will provide a prospectus supplement containing specific information about the terms of the securities being offered. The prospectus supplement may include a discussion of any risk factors or other special considerations that apply to those securities