Company: GLPI
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001575965-25-000031
Chunk: 190

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 2
Chunk 190
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3,404 (402)— — 3,002 Bally's Master Lease52,985 — — — 52,985 — 5,204 — 58,189 Bally's Master Lease II16,096 — — — 16,096 — 1,888 — 17,984 Maryland Live! Lease38,824 — — — 38,824 — 4,286 6,625 49,735 Pennsylvania Live! Master Lease25,734 — — — 25,734 — 619 4,376 30,729 Casino Queen Master Lease16,393 — — — 16,393 385 — — 16,778 Tropicana Las Vegas Lease— 7,525 — — 7,525 — — (3)7,522 Rockford Lease— 4,080 — — 4,080 — — 1,028 5,108 Rockford Loan— — — 6,033 6,033 — — — 6,033 Tioga Downs Lease7,348 — — — 7,348 — 3 1,132 8,483 Strategic Gaming Leases4,599 — — — 4,599 — 211 604 5,414 Ione Loan— — — 1,087 1,087 — — — 1,087 Bally's Chicago Lease— 10,000 — — 10,000 (10,000)— — — Total$600,097 $99,047 $36,188 $7,120 $742,452 $14,845 $19,052 $13,762 $790,111 

(2)  Amount includes $0.2 million of tenant improvement allowance amortization.

In accordance with ASC 842, the Company records revenue for the ground lease rent paid by its tenants with an offsetting expense in land rights and ground lease expense within the condensed consolidated statements of income as the Company has concluded that as the lessee it is the primary obligor under the ground leases. The Company subleases these ground leases back to its tenants, who are