Company: GLPI
Filing Date: 2025-08-13
Form Type: 424B5
Source: 0001193125-25-179509
Chunk: 84

Company: Gaming & Leisure Properties, Inc.
Filing Date: 2025-08-13
Form: 424B5
Chunk 84
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. See “Plan of Distribution”. We will not receive any of the proceeds from the sale of securities by the selling securityholders.

GLPI’s common stock is listed on the NASDAQ Global Select Market (“NASDAQ”) under the symbol “GLPI”. On April 30,
2025, the last reported sale price of our common stock on NASDAQ was $47.86 per share.

Investing in our securities involves various risks. See “ Risk Factors” beginning on page 6 of this prospectus and in the most recent Annual Report on Form 10-Kof GLPI, along with the disclosure related to the risk factors contained in GLPI’s subsequent filings with the Securities and Exchange Commission (the “SEC”), to the extent incorporated by reference herein.

Neither the SEC nor any state securities commission has approved or disapproved of these securities, or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

No gaming or regulatory agency has approved or disapproved of these securities, or passed upon the adequacy or accuracy of this prospectus. Any representation to the contrary is a criminal offense.

The date of this prospectus is May 1, 2025.

TABLE OF CONTENTS

|                                                                                          |     | Page |    |
| CERTAIN DEFINED TERMS                                                                    |     |      |  1 |
| CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS                                |     |      |  2 |
| PROSPECTUS SUMMARY                                                                       |     |      |  4 |
| RISK FACTORS                                                                             |     |      |  6 |
| WHERE YOU CAN FIND MORE INFORMATION                                                      |     |      |  7 |
| INFORMATION INCORPORATED BY REFERENCE                                                    |     |      |  8 |
| GUARANTOR DISCLOSURE                                                                     |     |      |  9 |
| USE OF PROCEEDS                                                                          |     |      | 10 |
| DESCRIPTION OF DEBT SECURITIES                                                           |     |      | 11 |
| DESCRIPTION OF CAPITAL STOCK OF GLPI                                                     |     |      | 13 |
| DESCRIPTION OF DEPOSITARY SHARES OF GLPI                                                 |     |      | 19 |
| CERTAIN PROVISIONS OF PENNSYLVANIA LAW AND GLPI’S AMENDED AND RESTATED                   
 ARTICLES OF INCORPORATION AND AMENDED AND RESTATED BYLAWS AND OTHER GOVERNANCE DOCUMENTS |     |      | 22 |
| CERTAIN UNITED STATES F